Brent at Breakout Point: Cup Pattern Ready to Explode!Crude Oil Brent CashBLACKBULL:BRENTisahebdadiTechnical Analysis On the 1H chart, a clear Cup pattern is forming. Key points: •U-shaped structure completed •Resistance at $113–114 •Small pullback (handle) forming •Moving average acting as support Short-Term Scenarios Bullish Breakout If price breaks and holds above $114: Targets: $118 $122 $126 Stop loss $108 Bearish Rejection If price gets rejected: Targets: $104 $100 $96 Stop loss $115 Key Insights •Cup pattern near completion •Strong resistance zone •High probability of volatile move •Risk of fake breakout Fundamental Overview Key drivers: •OPEC supply decisions •Geopolitical tensions •Global demand •US oil inventories Final Insight Above $114 → strong bullish breakout Below $108 → corrective move