Having poked up above the 2011 highs, Brent has just broken below some important support levels and now faces further weakness, says Mark Sturdy at www.sevendaysahead.com.
The target for the present correction is $106.65, which is the 23.6 per cent retracement of the 2009-2012 bull move.
City Trades are written by selected external contributors and are based on the interpretation of patterns on a share price chart, rather than on fundamental analysis of the company's business or prospects.
visible-status-Public story-url-Brent_CITY_110512.xml
