Ok so brent physical and futures both above $48 - pushing above multipivot and above the most recent fib level..
Still early in the night but if i was trading i wouldn't be shorting at this point, i'd be waiting for the 50SMA at which there will definitely be a bucketload of short dumps.. which could of course turn into a strong move up.. or if enough of the smart money is against this move will result in a strong down move.. given short term momentum is up my $ is on the upside
PIOTRVIP
Brent Discussion, page-69
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