Peet_Serfontein

Brent $ spot: heading higher?

Long
TVC:UKOIL   CFDs on Brent Crude Oil
A price action above 109.15 supports a bullish trend direction.
Crossing below this level will negate the positive stance.
Further bullish support above 113.75.
Consolidation between 111.40 and 115.85. Crossing above 115.85 might target 122.55.
Crossing below 111.35 will be the first sign of weakness.
Remains in an upsloping linear regression channel pattern - supporting a bullish trend.

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