Oil strongly closed above 77 and now there will be no significant resistance and in the next 3-6 months above 100 USD/barrel could be possible!
However, the hourly chart shows a possible pullback to 77..!
Short term: Possible correction (5%)
Longterm: Bullish (25-30%)
Reviewing my previous analysis could be interesting for you:
June 1st, 2021: price was 68, target 75-77
August 23:
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
However, the hourly chart shows a possible pullback to 77..!
Short term: Possible correction (5%)
Longterm: Bullish (25-30%)
Reviewing my previous analysis could be interesting for you:
June 1st, 2021: price was 68, target 75-77
August 23:
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.