Oil prices have been moving sideways for the past week... This is a consolidation of Brent price at $86... We expect a strong move away from this zone soon.
Here's a preview of what we are looking for in oil going forward:
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*SHORT Case:
· · We're looking to see if Brent will give a temporary pull back down to around $82.
· · Short selling crude oil seems like a very high risk strategy at the moment, we become more cautious with short selling.
*LONG Case:
· · Overall we’re expecting Brent to head towards the $96-$100 price levels.
· · We are looking to see if there is a pull back around $86, which might be a good opportunity to buy oil again
✅*Go Ahead and Join my Monthly Subscription and get my market forecasts with key levels, price targets, and statistics for short term and long term oil trading - Reply back to discuss more*. ☎️
#oilandgas #crudeoil #crudeoiltrading #oilandgasindustry #oilprice #hedging #derivativestrading #commoditytrading #commoditymarkets
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