Brent - Starting to fail

We had strong upside rejection yesterday breaking the first trend line.  This down move was  pretty violent and resulted in the MACD crossing down off the back of it.

Looks like we could be forming a Double Top chart pattern, if so a break of the neckline of 112.24, would give downside target of 108.00.  But till then we will have to sit on the fence as we may see a temporary recovery after yesterdays move.   The Maribuzo line is worth noting as a key resistance to watch out for at 114.45.  So long as this holds we should expect lower numbers yet to come.  Other key levels to be aware of are indicated on the chart.

Charts sourced from ig.com