jameslasenby

BNO - Brent Crude Oil Breakout

Long
AMEX:BNO   United States Brent Oil Fund, LP ETV
After making a Head and Shoulders bottom price has now formed a horizontal flag. Volatility has reached new lows as price has coiled into a squeeze at the key level of 15.85.
I'm anticipating a resolution to the long side from the squeeze with the major trend.

Immediate target @ 19.56 and LongTerm target of the 2015 highs @ 24.23