Brent heading for a technical breakout soon?

Yesterday afternoon, the rebound in Brent crude extended into the wider European close and that later saw the price rise close to $74 per barrel ahead of the NYMEX settlement. The high seen was set at $73.93 and Brent later settled $1.66 higher on that exchange, at $73.62. The price action so far today has been relatively sideways, but still elevated. However, it is yet to vault the high point seen yesterday evening, but if it does there is a price point of note, that has defined the topside from October 22 onwards. That is the 100 day moving average, which is in place right now at $74.46. Looking at the daily chart since then, we can see a series of lower highs and higher lows and that means eventually it will break out of the current wedge pattern forming on the charts. The markets are right now waiting for OPEC+ to decide if they will extend the current output cuts tomorrow. Whatever emerges there could decide if there is a breakout of that current price action formation. Brent for February delivery is right now at $73.87