Contributors Technical Analysis Brent Oil Targeting New Highs

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.

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