What Brent Double Tops Mean for WTI Crude Oil Traders

The WTI crude oil chart is confirmed by two correlated markets, Brent crude and the XLE energy ETF, when breakout and reversal signals align. Razan Hilal, StoneX Media Market Analyst, walks through the three-chart method she uses on crude oil and what each benchmark adds. Brent crude represents the global seaborne crude market, while the XLE energy ETF carries the equity side, U.S. oil and gas company margins. The same consolidation printed as a neutral contracting pattern on WTI crude oil and a bearish double top on Brent, and the Brent pattern supplied the measured target. On the monthly XLE chart, price stalled at a 127.2% Fibonacci extension above resistance dating back to 2014. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share 00:00 - Three Charts, One Crude Call 00:35 - Brent and XLE Move Together 01:27 - Brent Double Top Breaks Down 02:30 - The 2019 Line That Still Holds 04:08 - XLE Clears a Decade Long Wall 05:38 - Hormuz Decides the Long Run Like and subscribe for more financial market insights. #CrudeOil #WTI #StoneX #RazanHilal