BRENT Crude Oil UKOIL Close-Up
As per earlier medium term comment on Brent, believe that
Brent has about another $5 upside from here. but in the very
near term there is a fair chace it will get sold off first thing
and offer a good chance to get long at the lows, or close to.
Was hoping for a fast test of the lower parallel of this flag
formation but won't get it. Oil is strong. Buy as it breaks
above the upper parallel or on retest with stop 50 pips lower.
As per earlier medium term comment on Brent, believe that
Brent has about another $5 upside from here. but in the very
near term there is a fair chace it will get sold off first thing
and offer a good chance to get long at the lows, or close to.
Was hoping for a fast test of the lower parallel of this flag
formation but won't get it. Oil is strong. Buy as it breaks
above the upper parallel or on retest with stop 50 pips lower.