Will Cunliffe
Research Analyst, Flux
Shooting for $70
Dated to the highest since September, and Brent futures flying too! 70 feels like the next realistic goal folks!
Dated to the highest since September, and Brent futures flying too! 70 feels like the next realistic goal folks!
The market is hot! $68.50 was hit just after 14:00 GMT. Remember we were trading at $65.50 around lunchtime yesterday! 70 buck Brent feels so close! 3 bucks in a day puts the fear in the shorts – as one trader said, if you inverted the flat price chart, “who would buy a falling knife here?” Likewise, who would short the market when it looks so strong? Wait for the Iran fears to reach their crescendo as Trump warns time is running out to make a deal, then fade the price spike!
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