Brent Crude, Natural Gas

Daily Forecast – 27th March 2013 Brent Crude May contract Brent Crude has formed a bullish inverse head & shoulders as hoped & we shot to our target of 109.51/71 & topped out exactly here as predicted. We now need to hold above 109.10 for a retest of 109.51/71. A break through the 200 day moving average at 109.90 is then need to reach 110.26 today. We can probably get no further at this stage but if we do push on look for our measured target of 111.20/50 as stated yesterday.

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Brent Crude, Natural Gas

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