Monthly chart shows that Brent Crude has tested the monthly chart trend line
in year 1999 , 2002
& 2009 and has taken support on this line ( white line ) . As it has breached $68 level it can test this monthly trend line
again which currently stands at $53 - $54 mark . As of now the trend is bearish
and will continue till it breaches the upper resistance line on monthly chart . Its also forming a kind of symmetrical triangle on monthly chart and its bottom line is also at the $53 mark .