Technicals - Brent Crude buy signal generated

QMG Pty Ltd
The overnight rally has resulted in Brent crude completing an upward reversal / closing above key resistance, thereby generating a technical buy signal. The technical outlook has turned positive.The minimum upside technical price target is located at US$38.90 - the minimum expectation for a rally. As detailed in recent Wires(VIEW LINK), the stock technicals have led the related commodity given oil stock buy signals had been generated prior to the (brent) oil price.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.