Brent is over the 13-year downtrend as the energy crisis widens. Still, at least one monthly close (ideally two) needed to talk about breaking but the odds of closing above the trend is pretty high right now. 75-77 zone can be the main support for more upside moves.
The price, recently dropped as expected to the lower line of the weekly trend channel. With the trend channel’s support, Brent was testing the 13-year downtrend for some time. The energy and gasoline crisis made the required push to break it. Now 81 will be the next resistance. If Brent breaks it 86.75 and 91.75 can be targeted.
