UNITED STS BRENT OIL FD LP UNIT

AMEX

BNO

buy and forget

by targeting $20.5

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

Bat (red) or Crab (orange)... both look good to me

perhaps the 127% or 138.2% extension?

with the weekly RSI at 14 and daily turning up might not be a bad place to take a stab long against this double bottom

WTI/Brent spread up to $11 today I had big short last year @ 24 Loooking for a move back down to $3 by the end of the year but expecting news of early take up of Keystone pipeline." The market has quickly accepted Libya output but failed to appreciate how delicate the situation there is the PM having just been kidnapped and works only back to work a month.