Brent now a gnat's from breaking out above line 1. The flagpole is $25.20, so if breakout point is $47.50ish next week, target is nearly $73. Even if Brent comes back down after this week's short covering rally over next few weeks back to the $46.06 line (now support I would think), then it can break out before the point line 1 intersects that support line in Sep and still look good for move to $70s this year.
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Someone should think of a new thread title soon.
