FXStreet reports that strategists at Credit Suisse appraise that Brent crude oil stays on course for the 2020 high at $71.75, despite the current pullback.

“Brent Crude is seeing a near-term pause but with a bull ‘flag’ continuation pattern in place, this is seen as a temporary and healthy breather ahead of further strength to the $71.75 high from last year. Whilst a fresh pullback below here will be looked for, a break can see next resistance at $79.10, the ‘measured flag objective’.”