The Brent Oil rallied today and tries to stay higher despite the yesterday’s drop. Price maintains a bullish perspective as is trading in the buyer’s territory, the major upside target remains at the median line (ML) of the major ascending pitchfork. I’ve said in the last weeks that it could reach the $57 per barrel very soon.
Is trapped within the ascending channel, so it should approach and reach fresh new highs in the upcoming period even if will make a small correction.
