Technicals: Brent oil to revisit 50-DMA hurdle

The sell-off yesterday is nothing more than  a technical pull back that allows the short-term MAs catch up with the price action. Prices are on the rise and are expected to revisit 50-DMA hurdle seen today at $49.53.

UKoil.png

Buy around $48.50 Objective $49.53 Stops below 48.00.  Stop might be blown, given it is too close, but i would not hesitate to re-enter longs…again

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