(CercleFinance.com) – Oil (Brent) validates a real bullish signal with the decisive crossing of $81, after the ‘failure’ of July 13/14.
The relapse to $78.5 looked very much like a bulltrap but the acceleration past $82.6, the April 24 zenith.
The next objective clearly becomes the retracement of the resistance of $87 on February 10, March 6, April 12… then $88 on January 23.
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