Hello, I am no professional but I also look at UKOIL. Brent is not only higher than its high of 2016 but closed on Friday higher and on a weekly basis, has an outside week up.
Meanwhile, Brent Wti spread has been narrowing in the last 2 weeks, therefore I speculate that Brent will continue next week to move up, WTI to follow suit but at a faster pace to narrow even more the spread.
Target for WTI: 67$ in the medium term.
Ozkanerer
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@Kudeta, cad -gbp-wti and brent will loose big value.Friday wti and brent stoploss sellers monday market open and lm thinking cirrencies will fell
Meanwhile, Brent Wti spread has been narrowing in the last 2 weeks, therefore I speculate that Brent will continue next week to move up, WTI to follow suit but at a faster pace to narrow even more the spread.
Target for WTI: 67$ in the medium term.