Brent oil price started today with strong rise after reaching the thresholds of the main waited target at 64.55, expecting the continuation of the bullish bias to test the key resistance 67.70, which represents key level for the short term and medium term trend.
Therefore, we expect to witness more rise in the upcoming sessions, supported by stochastic positivity, noting that breaching the targeted level will push the price to achieve additional rises that reach 68.90, while holding against the current bullish wave represents the key to resume the main bearish trend that its targets begin by testing 64.55 areas.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.