#BRENT update - Breakout confirmed, goes to $101

TVC:UKOIL   CFDs on Brent Crude Oil
Hi guys! πŸ‘‹πŸ»

πŸ”” Brent crude price was squeezed in a descending triangle , and a breakout from the triangle was expected, so it happened as seen on the chart

πŸ”” Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.

πŸ”” I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.

πŸ”” Opec+ will cut production by 1M, which is 3.4% of the current daily production volume .

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