Brent’s rebound from yesterday’s low of $45.88 and move higher on the back of bullish
inventory report if results in a bullish
break from symmetrical triangle formation on the hourly chart would yield a fresh rally to $48.44 levels.
On the flip side, failure to see a bullish
break would once result in a sideways to choppy trading.
On the lower side, only a day end closing below falling wedge
support would suggest the retreat from June high has resumed.