Brent Oil – Breakout and Targeting the Next Resistance

Oct 16, 2024

I'm watching Brent oil closely as we're approaching a key resistance level. If we break through this resistance, my target will be the next resistance level. At that point, there could be a potential short opportunity or it may be a good idea to reduce long positions to lock in profits.

Strategy: I'll be monitoring for a confirmed breakout and will adjust my position based on price action at the next resistance.