Symmetrical Triangle Pattern in Brent

The chart shows that the oil is consolidating, demonstrating the symmetrical triangle pattern. At this stage the trend can be considered neutral and a breakout may occur in any direction, establishing a new trend. The yellow lines show probable target levels in case of a breakout. Click the image to enlarge it to a full-size screenshot:

If you have any questions or comments regarding this chart pattern for the oil, please, feel free to reply below.

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