Oil – Reverse head and shoulders suggests further upside

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Technical Monthly: Prices look to be heading towards a new 83 month high. The sequence for trading is higher highs and lows. A move through bespoke resistance at 74.94 and we look for extended gains. The medium-term bias remains bullish. Weekly: A sequence of weekly higher highs and lows has been posted. Price action has posted a bullish Engulfing Candle and is positive for short-term se...