Brent Oil facing the most important upside resistance

Brent Oil is testing the falling trendline 87 resistance

 

Brent Oil briefly broke above 87 but we need a confirmed break above this resistance for the upside reversal. This is the most important upside reversal resistance which could lead to an upside continuation to 95. A rejection here would lead to consolidation.

Note: look for the long trade with the stop loss below 85

 

Brent Oil upside reversal

 

 

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