Brent retested the 43.50 level again early in London trading and sellers jump in to push price down (-1.8%) and is now retesting the previous highs around the 42.60 level. We are still trading inside a bullish structure (orange channel) and given the OPEC's outlook on global demand all throughout 2020 we believe that this is the make it or break it level (mid term) for a rally continuation in Brent 

Key level to the downside: 41.30/39.10.

Key levels to the upside: 44.50/46.45.

Oil

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