The Brent remains bullish and tries once again to take out the dynamic resistance from the warning line (wl1). Is trading in the green after the failure to retest the 53.03 static support (resistance turned into support). Price is approaching the 54.55 horizontal resistance, where he could find temporary resistance again.

A valid breakout above the warning line (wl1) will confirm a further increase towards the $57 per barrel.


Please enter your comment!
Please enter your name here