Yep. (But equally it could touch the top of the channel too!)
Two things going on to create this up channel - 1) supply/demand rebalance, as engineered by the Saud price cartel 2) US$ weakness
So what interests Oz oil producers (like us !) is for 1) to continue as it should as global demand increases while US shalers production curve falls off cliff even when 2) stabilises or reverses (which might mess US POO chart up, but not A$ POO)
Andfor your RAF trousers clip last night
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