MVedra
Long

Brent positioned to move higher - from $70 to $80

TVC:UKOIL   CFDs on Brent Crude Oil
Steadily rallying into the $70 key resistance that marked the May-15 and Jan-18 highs. The resistance at $70 would mark a level that investors are taking profits at, and hedgers are happy to sell forward. This creates an artificial hold on prices, which will end in a move higher with $80 a target.
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