Brent is at a major resistance level, with more than 80% gains, it should seek 38 to neutralize the momentum.
Comment:
Brent is consolidating with a narrow trading or squeezed bands. I expect it at least to retest 38 zone prior to resuming the upward journey.
Comment:
Brent is finally going to retest 38, Exxon and Shell follow the same as they feel the heat of less oil demand.
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Trade closed: target reached