Brent is on the way to below 56 by the end of the year and then will rebound above 65 by April.
Brent hit this year high 58.37 on Jan 3rd and now is going down to low 40-s and below.
Brent went to almost 60 (57.5) and will set its highs above 60 by March’17.
As posted earlier, Brent hit 42 and now is ready to move towards 60 till October.
Brent has reached its targets (-10% by May 9 and then almost $50) and is now ready for a month-long correction to $42.
Brent is ready for a brief correction and then will climb further to over 50.
Oil is on the verge of a brief correction downside and, upon completion, will resume its route to over 50.