Brent is through the 61.8% retracement on my Fib chart and if that sticks it can bubble up to US$60 now:
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Breaking just now... expect markets to go bananas when FDA give final approval tonight and oil to never look back now:
FDA panel recommends approval of Pfizer’s Covid vaccine for emergency use
https://www.cnbc.com/2020/12/10/pfi...el-recommends-approval-for-emergency-use.html
- The full FDA could grant emergency use authorization of Pfizer’s vaccine as early as Friday.
- The Vaccines and Related Biological Products Advisory Committee plays a key role in approving flu and other vaccines in the U.S.
- The FDA doesn’t have to follow the advisory committee’s recommendation, but the agency often does.
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