Brent Crude Oil - False breakout?

 

Brent Crude Oil Weekly Chart

On Mar 18, 2024, I wrote Brent Crude Oil has moved back into a trading range. See link below

https://swingtrader188.blogspot.com/2024/03/brent-crude-oil-trading-within-range.html

Brent Crude Oil broke above its trading range upper boundary on the 1st week of Apr 2024 but it ended last week moving back into the range to form a potential false breakout? It looks like that Brent Crude Oil is likely to remain in a trading range.

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