Brent Crude Oil - Set to breakout higher?

Brent Crude Oil Weekly Chart

Brent Crude Oil is currently testing its resistance at 88.88 and is look set to breakout higher? It is now trading above its 20-week MA, which is starting to slope upward. Next resistance is at 100.68. However, breakout failure may lead to a decline to its support at 75.81.

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