XBRUSD: Bearish Flag

XBRUSD, Daily

In the Daily timeframe, XBRUSD rebounded after a substantial fall and formed a bearish flag pattern. Despite the bearish pattern, DeMarker has broken out of the overbought zone.

• If Brent breaks the lower trend line below 73.20, it will start falling to 69.00;

• However, if the price rises above the resistance of 74.40, it may start to rise to 77.10;