Brent Oil plunged in the yesterday’s session, but failed to retest the sliding parallel line (descending dotted line) of the descending pitchfork, signaling that he could climb higher again. Is trading right above the $52.00 per ounce, should approach the 53.03 major static resistance again if will stay above this level. We could have a consolidation before will approach the near term targets, a retest of the uptrend line (ascending dotted line) will bring us a good buying opportunity.
