I've been expecting this for a while now, since brent hit $75 for the first time in teh recent weeks. but it seems to resilient and doesnt seem to fall back to support around $70.
But i think im clocked it... brent has almost reached $73 as calculated. I think we will see a pull up to around $75 again as teh selling pressure has already weakened.
But from $75, there is a high probability that brent will continue its downward move towards $70.
When it does reach $70... im buying Brent, as i dont think it will fall significantly below this anytime soon.
But i think im clocked it... brent has almost reached $73 as calculated. I think we will see a pull up to around $75 again as teh selling pressure has already weakened.
But from $75, there is a high probability that brent will continue its downward move towards $70.
When it does reach $70... im buying Brent, as i dont think it will fall significantly below this anytime soon.
Comment:
Target achieved and exceeded.