On Brent oil’s 1h chart we can see that Brent oil’s price tested 43.24 many times and now formed a “w” pattern. If it breakout the resistance, the price target will be at 43.71, which is also a previous resistance.
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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.