Monday, August 15, 2016

Brent crude has been cruising higher over the last couple of sessions

Brent crude has been cruising higher over the last couple of sessions, taking out some significant resistance levels with relative ease along the way and now finds itself trading at a one-month high.
The tests have been coming thick and fast for Brent in recent days and the next one isn’t far behind. The break through $46.50-46.70 was very significant – taking out prior support and resistance, retracement levels and moving average – but the next test could be more significant again.