Did you see the dramatic fall in crude oil prices in the last few days? surpassing my own expectations of $80.. And going below! Wonderful to see our forecasts working well.
💰💰 *Congratulations to* my clients who followed my Short Term and Medium Term forecasts and Traded the SELL on bent oil.
*Thank You for your confidence in me and my work*. 🙏
✅*Anyone can join my Monthly Subscription and get my market forecasts - Reply back to discuss more*. ☎️
Here's a preview of what we are looking for in oil going forward:
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*SHORT Case*
· Brent is at a critical level around $78, Looking to see if price shows a reversal around $78-$80.
· Short selling crude oil seems like a very high risk strategy at the moment, we become more cautious with short selling.
*LONG Case*
· We’re still expecting some sort of strong upward movement.
· We see a high probability of oil pushing back up towards $95.
· We look to add BUY positions on Oil incrementally.
· Ideally stay on the buy side of Crude Oil, overall in the medium to longer terms BRENT looks good to keep rising, beyond $100+
#oilandgas #crudeoil #crudeoiltrading #oilandgasindustry #oilprice #hedging #derivativestrading #commoditytrading #commoditymarkets
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