Brent goes over 80. Now it’s time for a small correction till June.
As expected, Brent went above 65 to its high close to 76 in April. There is still a week or so to get above 76 and then 10+% decline till June.
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.