The continuing short squeeze across the oil complexes is shown quite graphically on the chart. The reverse head and shoulders here points to a minimum upside target on Brent at 90.61 so we can probably expect more of the same in the future. Near term resistance lies at 81.27, then 83.30 and then a little further out in time there should be a bigger jump in price to 88.29 and the 90.61 target.
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