Another Bullish break for Brent

Brent’s break above $41.46 (preferably on closing basis) adds credence to bullish break from the falling trend line earlier this week and has left the doors open for a test of $43.13 and $44.79.

Minor correction if prices fail to sustain abv $42.19 cannot be ruled out, but is unlikely to result in a major sell-off, unless today’s gains are erased and prices close below $41.46 levels.

DIps towards $42.19 could be bought into for levels – $43.13, $44.79

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