Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies. The world's economies have not yet recovered from the Covid-19, and here is another...
In my opinion, oil can experience a heavy drop in the coming days I can't say exactly how many days, but it will happen soon So be careful in your purchase transactions
Bear Rectangle is forming on Sasol as it previous did a few months ago. There are bearish signals as the downtrend is continuing. The 200 > 21 >7 MA which once the price breaks below R277.95 we will have our next target at R225.43. This confirms with the ongoing drop in oil price...
Rectangle Formation has formed on Daily and it's anyone guess where it's going. On the bearish side, 3 Black Crows candles have formed as the price touches the medium beartrend line. We need to wait for a breakout before we do anything... Bull $120 Bear $67.65
Potential Ascending Triangle on Brent Crude forming. We are just waiting for the price to break up and out of the resistance and then the first target will be around $122... Moving Averages look good 7>21 <200
Cup & Handle has formed on Daily and now we are just waiting for the breakout of the brim level. 7>21 <200 almost perfect. We just need the price to cross above 200MA First target $122
If you can recall back Oct 20th Crude chart guidance was to monitor its retracement ended. We can also see there are red chip progressing during those rise period. So i assume if tomorrow crude future turn green, very likely it will goes beyond 100 here.
JSE:SOL is now trading on a declining 200MA, the stock met resistance at the 200MA. TVC:UKOIL , if JSE:SOL has any relationship with it, is also trading below a declining 50MA. Negative setup.
Brent is in a predominant falling wedge channel. As I have mentioned this week, channels are always stronger than breakout patterns. So we need the price to break below or above a certain level, before the price stops meandering... The first target is to the top of the channel at $97 then down to $88 (channel). If the price breaks below the channel then we...
We keep making lower highs and lower lows so I'd rather going with trend than fomo in. We might see reversal if that area is broken
TVC:UKOIL is still on the downtrend, and JSE:SOL seem to be following it. At the moment I wouldn't be surprised if JSE:SOL test R245/share.
Bulls and bears are competing for preeminence, and both of them have gained the upper hand now and then. In the long run, we expect the bears to win this battle, though, and to drag Brent to the green zone between $77.10 and $42.16, where it should finish wave III in pink. After a short countermovement to complete wave IV in pink, Brent should enter the blue zone...
Hi guys! 👋🏻 🔔 Surprisingly low US inventories data supported a short-term uptrend of Brent crude, comforting the price to hit $90 this week. 🔔 OPEC+ meeting scheduled on October 5 will be on the watch, as the cartel suggest a production cut of 100,00 barrels per day (bpd). 🔔 Brent once again retested the upper edge of the descending triangle, although the...
Brent Crude ⛽️ Oil ⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$ . Of course, the War can change my Scenario, but I don't expect Oil to break 177$ . I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone . Brent...
Brent looks like it's on its way down! Broken below a Falling Wedge (which is rare). The RSI continues to make lower highs. and so the first target is around $67.65
Simple technical analyzes. Trying to capture a quick swing upwards before the overall fundamental outlook comes into place.
Who knows but low gas prices ahead of November makes PERFECT SENSE!