With Brent making new recent highs again, need to look at the bigger picture to get some upside targets. 53.50 is the .618 fib retrace of the may15 to feb 16 move, and has to remain a target.
downsides will be capped by the shorter term moving averages.
weekly technicals are high, but upside movement can continue with them at these levels.
downsides will be capped by the shorter term moving averages.
weekly technicals are high, but upside movement can continue with them at these levels.