#BRENT update - Breakout confirmed, goes to $101
Hi guys! 👋🏻
🔔 Brent crude price was squeezed in a descending triangle, and a breakout from the triangle was expected, so it happened as seen on the chart
🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.
🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.
🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Brent crude price was squeezed in a descending triangle, and a breakout from the triangle was expected, so it happened as seen on the chart
🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.
🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.
🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
_________________________________
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_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.