Thursday, June 7, 2012

Go long Brent


Go long Brent



After hitting a 16 month low (http://tradingroom.vertis.com/2012/06/brent-hitting-16-month-low-after-huge.html) Brent found support just above 95 USD and trading now around 102 USD per barrel. Receiving support from previous low at this level, we expect Brent to appreciate to at least 107.00ish USD which is a Fibonacci level. Be careful around 105.00 USD.

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