Brent Crude has been consolidating within a symmetrical triangle on the daily chart since mid-May, following a strong bullish recovery from $58 lows. Price is now approaching the apex of the structure, suggesting a breakout is imminent.
We’re still holding above the higher low trendline support, but resistance at $71.00 remains unbroken. A decisive daily candle close outside this triangle will likely set the tone for the next leg.
A bullish breakout above $71.15 could expose $75.00 and eventually $82.00 highs. But if bears take control and break below $67.00 support, $64.00 and $58.00 reopen.
📈 Bias:
Neutral short term — Waiting for breakout confirmation.
Bullish if price breaks and retests above $71.15.
Bearish if we lose $67.00 and structure fails.
We’re still holding above the higher low trendline support, but resistance at $71.00 remains unbroken. A decisive daily candle close outside this triangle will likely set the tone for the next leg.
A bullish breakout above $71.15 could expose $75.00 and eventually $82.00 highs. But if bears take control and break below $67.00 support, $64.00 and $58.00 reopen.
📈 Bias:
Neutral short term — Waiting for breakout confirmation.
Bullish if price breaks and retests above $71.15.
Bearish if we lose $67.00 and structure fails.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.