UPDATE ON BRENT CRUDE OIL ANALISIS (15-APR-2021)

Earlier analysis on 4-Apr-21 confirms the the consolidation within the “symmetrical triangle” pattern since 8 Mar 21 has ended following the breakout from the upper declining resistance confluences 20-day EMA. Brent managed to rise and hit USD66.79 (38.2% FE) which coincides Upper Bollinger Band which acts as pivotal resistance.

The positive readings in both Stochastic and MACD suggests the Brent has a good opportunity to continue the prior uptrend ahead.