Brent crude oil is breaking out of a 3-year sideways consolidation pattern, with a target price of $130 or more per barrel. Historically, emerging market equity bull runs have preceded Brent crude oil price increases by 2-6 months. When crude oil prices start to break out, corrections often occur across emerging market asset classes like equities, currencies, and bonds. Based on the breakout patterns in Brent crude, USDJPY, and USDINR, trades are recommended to buy Brent crude above $115, buy USDINR above 60.15, and sell emerging market equities with a 5-10% correction expected.