Brent Oil Outlook

The upsurge for oil quoted at London’s ICA, which ended trading under the bull’s mark with a rise to 57.27.

The short-term technical picture of crude oil shows an upward trend of the target at 58.00. We believe that the market will ultimately reach the top level of $ 60, which acts as a major barrier of resistance, being a large round number of significant psychological significance.

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