Brent will resume its upward trend after small correction

Brent hits the upper channel precisely at 79.42. If breaks above then the second scenario is in play. This year high will be set by the first week of August.

Trade active:

coming down as expected. Should drop to at least the lower green line by June

Trade active:

hits the green line right on time

Trade active:

next stop is the lower blue line at 71.15

Trade active:

hits the lower blue line. Rebound is due.

Trade active:

off to 80+ till August

Trade active:

goes over 80. Still waiting for 85

Trade active:

83 cleared. 85+ is on its way in Oct

Trade closed: target reached:

85+ on Oct 1st. Target hit.