I'm planning to take a huge position at 68.44, SL 68.60 and TP 57.25. If SL triggered then will re-evaluate Brent movement but I see next major resistance at 69.64, followed by 72.78~. That should be the top taking into account the enormous money injection from money managers due to Aramco IPO (supported by Saudi Arabia).
Above that could overshoot OPEC efforts and hit hardly on the demand.
My 2 cents.
Above that could overshoot OPEC efforts and hit hardly on the demand.
My 2 cents.