Bullishproof

Brent to hit the 80 range?

TVC:UKOIL   CFDs on Brent Crude Oil
Lower Highs since oct 10, but its tightening up, and I expect a breach through the resistance. Resistance for monthly chart is around 85 and falling.

Comments

I appreciate the set-up, and chart and even the comment of around tightening, however I truly believe there is to much nervousness in the market right now to move it above the 63 level at most. So personally I see us being range bound for some time still, from the 58 / 59 to 62 / 63 ... any thoughts ?
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