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Brent Oil Targeting New Highs

The Brent has managed to reach fresh new highs in the yesterday’s trading session, where has found temporary resistance. I’ve already shown you that the next major upside target will be at the median line (ML) of the major ascending pitchfork. We’ll see how will react when will hit it, a valid breakout will signal that the upward movement will continue, while a rejection or a failure to reach this level will confirm a sharp drop.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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