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Timonrosso
Sep 8, 2023 1:22 PM

UPDATE: Brent Crude is on the way to $100! Long

Brent Crude FuturesICEEUR

Description

Since the last update, Brent has broken above the major Falling Wedge...

And it's been on a quiet but consistent trajectory up.

With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target.

$100!

We are in it for the medium term.
Comments
Echo3Charlie
Agreed, at least the minimum. I think that it may go higher than that in the long run....but, that is just me. Good post
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