Dear Community,
Brent Crude Oil has been the favorite of the short-sellers for quite some time now. Strictly speaking, since the last high at around $52.90 it was a dream and way too easy to bank some nice profits on the short side. However, times seem to have changed and as we all now, Oil doesn't grow on trees.
With that in mind, the demand will grow steadily despite the efforts of the alternative energy industry. As it stands at the moment it is just not affordable for the normal human being to drive around in a fancy Tesla or fly with a prototype solar plane to their holiday destinations. The reality is that oil is being used, more than ever before! Hence, the price will HAVE TO go up sooner or later.
The bottom line is, every trader that is happy to have a long-term position in their portfolio, Oil might be just for you - especially if the intermediate target gets sliced - oh then we are talking business! A potential target of $67.60 and even hight would be on the cards in that case, which would give you a savage chance/risk ratio of 14:1!!
Brent Crude Oil has been the favorite of the short-sellers for quite some time now. Strictly speaking, since the last high at around $52.90 it was a dream and way too easy to bank some nice profits on the short side. However, times seem to have changed and as we all now, Oil doesn't grow on trees.
With that in mind, the demand will grow steadily despite the efforts of the alternative energy industry. As it stands at the moment it is just not affordable for the normal human being to drive around in a fancy Tesla or fly with a prototype solar plane to their holiday destinations. The reality is that oil is being used, more than ever before! Hence, the price will HAVE TO go up sooner or later.
The bottom line is, every trader that is happy to have a long-term position in their portfolio, Oil might be just for you - especially if the intermediate target gets sliced - oh then we are talking business! A potential target of $67.60 and even hight would be on the cards in that case, which would give you a savage chance/risk ratio of 14:1!!