really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market.
But here is my take on where the oil prices have to go for the next couple of weeks/months.
I have the following points on the graph and with the current conditions in the market, the war in the Middle east, missles in the Bab al-Mandab Strait which have resulted in several ships stopping their travel through the strait.
TP1: 81-82 TP2: 93.5-94
Good luck!
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Still following the marked trend, so i'm satisfied.
Lets see where it goes!
Merry christmas and a happy new year to all of you!
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Still going strong (abit slower than I might have expected, but well).