Brent is Showing Signs of Turning Higher Again

Brent Crude Oil (BNO) has climbed off of its intraday-- and 8 session corrective-- low at $112.90 to $113.69 so far this morning.

It is starting to look like Brent has ended its correction from $115.71 to $112.90, which if accurate, also suggests that a new upleg likely is in progress that should propel Brent to a new high above $115.71 towards $117.00 next.

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