Brent Crude Oil At Key Resistance - Will It Drop to 78.00?

Jan 20

XBRUSD is at a key resistance area, marked by historical price reactions and strong selling pressure. This zone has been a reliable turning point for bearish reversals in the past.

If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 78.00. A breakout above this resistance, however, would invalidate the bearish scenario.

Traders should remain cautious and use proper risk management when approaching this level.

Jan 20

Trade active

Jan 27

Trade closed: target reached

Take Profit Hit