UKOIL: Brent Crude next target hit but more to come

May 24, 2017

UKOIL: Brent Crude - Brent has moved to within 1 pip of the next upside target at 54.60 and is consolidating recent gains. So long as it holds up off the lower parallel the uptrend remains strong and there should be more to come in near term up to 55.15 and potentially higher still as per comment. So stay with it but be ready to short from higher up tomorrow if we see the right spot to hit it from