If Brent crude oil breaks and sustains above its resistance trend line (around $76/barrel at the time), it will signal a major escalation in the Middle East conflict; otherwise, the situation is under control.
"If oil spikes above this trend line, breaks above this trend line, and carries on above this trend line, you know things in the Middle East are actually really, really, really escalating. And if not, if it stays below the trend line, then you kind of know that the things in the Middle East are pretty much under control."