Crude Oil Brent
Latest price 61.64, bullish 1-month time-frame.
Target $70.00 for 13%.
Although AUD Vantages isn't particularly confident in the pick Crude Oil Brent against the US Dollar at this early stage in up-trend there are supporting evidences the up-trend will mature. Evidence includes the US Dollar pulling back, Crude Oil Brent being under 1-year support, the price being around an important 3 year up-trend line and being around a 2 year resistance price line which could now be considered support.
Latest price 61.64, bullish 1-month time-frame.
Target $70.00 for 13%.
Although AUD Vantages isn't particularly confident in the pick Crude Oil Brent against the US Dollar at this early stage in up-trend there are supporting evidences the up-trend will mature. Evidence includes the US Dollar pulling back, Crude Oil Brent being under 1-year support, the price being around an important 3 year up-trend line and being around a 2 year resistance price line which could now be considered support.
