Brent breaks $112 on Houthi attacks: new 60-day highBRENT CRUDE OILTVC:UKOILForexupgoBrent crude has broken the $112 line we flagged this morning. It is up about 2.8% today (22 Oct) near $113, after a high of $113.40, the highest in 60 days. The driver: new Houthi attacks in Saudi Arabia raised fears of supply disruption, while talks around the Strait of Hormuz have not produced a deal. What the daily chart shows (UKOIL, TVC): • Yesterday's close: $110.01 • Today: $110.04 open, $109.81 low, $113.40 high • Old spike high: $111.99, broken today, now first support • 21-day MA: ~$103.9 · 50-day MA: ~$99.7, both rising well below price • 5-day low: $103.37 🐂 Bull case: a daily close above $111.99 confirms the breakout. Old resistance becomes support, and the trend stays strong while price holds above the 21-day MA. 🐻 Bear case: a close back below $112 turns today into a failed breakout (a sweep of the buy stops above the old high). Then $110 and the 5-day range come back into play. Why it matters beyond oil: higher crude feeds inflation and rate expectations, which is part of why gold and silver are under pressure today. Breakout holds, or a sweep of the highs? Drop your take 👇 Not financial advice. Manage your risk.