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Brent Crude – getting close to resistance of a Rising Wedge

Brent Crude is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Brent Crude continues in its current trajectory, we could see it reach 86.9319 within the next 7 days.