XBRUSD, H4
On the H4 time frame, XBRUSD navigates within an expanding triangle and faces a crucial 81.50 resistance. The MFI oscillator shows extremely overbought conditions for Brent, potentially indicating a bearish momentum.
- If the bulls push the price above the resistance, XBRUSD will rise to 83.80;
- A rebound from the 81.50 will drop the price to 78.70 support.