XRBUSD: Double-top

XBRUSD, H2

On the H2, XBRUSD, oil started to fall after the decrease in geopolitical tensions in the Middle East, and a double-top pattern was formed. The price dropped to the neckline and crossed the lower Bollinger line. At the same time, RSI and %R indicate a significant oversold condition.

• If the price falls below the 73.70 support, it will reach 70.70;

• A rebound from support would take Brent back to 77.20;