BRENT crude oil triangle pattern
The Brent crude oil is currently trading in a triangle pattern.
Two scenarios are likely to occur during the following trading sessions.
First, the pair could aim for a resistance level formed by the 23.60% Fibonacci retracement level.
On the other hand, a resistance cluster at 63.81 could provide resistance for the commodity in the short term.
Two scenarios are likely to occur during the following trading sessions.
First, the pair could aim for a resistance level formed by the 23.60% Fibonacci retracement level.
On the other hand, a resistance cluster at 63.81 could provide resistance for the commodity in the short term.