really nice flush to take out yesterdays liquidity on Brent Oil, all set for sideways to upwards grind or spike towards $50 target in the Feb 21 contract.
looking good for next move up. I have a limit to cash out at 51.00 feb 21 contract but will judge exit when we hit 50.00. I usually bank if I see a parabolic move into my target areas. KERN stock had a nice bounce today, not in that one though just watching.
Brent crude looking like it could post its move up soon. Trading at 48.60 in the feb 21 contract. I have orders to bank at 51.00 but will look to bank at exhaustion pattern in 50.00 - 51.00 zone.
Brent touched 49.90 in the Feb21. holding for the spike into $50-51. it's almost certain to come back to the 50.00 as that will trigger a lot of interest and interest means shekels. KERN looking solid for a spike into and through $5 any time in the next week.