Brent moved back nicely through the 23.6% Fib, as predicted. No ABCs, no Elliot Waves, no bear flags. It can now have a crack at the 70s and the previous high.
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Whether it does, or not may depend on which way it breaks out of what I can now see is shaping up as a consolidation triangle that looks spookily just like the one I posted on the BRU chart.
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And the
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For the Most Outstanding Series of Wrong Calls on Brent since the $27 low of Jan 2016 goes to....
Guess who?
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