An inminent Breakout in Brent. Here's Why.

Feb 19

Hello Team,

Brent Crude It’s not just sitting there, the pressure is building. We are at a critical technical point.

The daily chart reveals a classic "descending triangle pattern". Price action is being squeezed between the Current Support zone ($68-70) and a persistent Descending Trendline Resistance.

For weeks, this trendline has capped every rally. But now, the price is knocking on the door again. It’s testing that resistance with intent. The Major Support (Double Bottom) around $65 provided a rock-solid foundation, giving bulls the confidence to push back.

The market is making a decision. A breakout could be imminent.

Why could this breakout happen now?

The charts show the setup, but geopolitics provide the catalyst. Tensions surrounding Iran are escalating. As a major oil producer, any instability in the region threatens global supply. The market hates uncertainty, and the fear of a supply squeeze is a powerful driver for higher prices.

This isn't just a small move. If Brent decisively breaks above the descending trendline, buckle up. The combination of this coiling technical pattern and the fundamental fuel from Iran could ignite a significant rally. We haven't seen a sustained, powerful move like this in the oil market for a long time. The upside potential is explosive.

The technicals align with the fundamentals. Watch that trendline closely. A breakout here could be the start of something big. Stay Alert!

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Mar 2

Trade active

The break of the trendline finally happened as warned days before:



Next resistance zone:

-> $80 Inmediate resistance
-> $87 Largest resistance