Brent Crude Oil Technical AnalysisSHORT Case Oil has been moving sideways for few weeks presenting small short term sell opportunities.  Whilst we wait for Brent to reach $85-86 region, we can see a short term push down to $80. LONG Case Better to stay on the buy side of brent crude until around $84-$86 where we might get sell opportunities...

Brent Crude Oil Technical AnalysisSHORT Case At the moment there are not clear short positions to take, we are looking to see if brent oil price will reach around $84-$86 for signs of market reversal.  We would use short term sell positions to protect longer term buy positions here onwards, unless we see oil breach $72 level, which at the m...

SHORT Case At the moment there are not clear short positions to take, we are looking to see if brent oil price will reach around $84-$86 for signs of market reversal. We would use short term sell positions to protect longer term buy positions here onwards, unless we see oil breach $72 level, which at the moment seems unlikely as we saw oil brea...

SHORT CaseWe would use short term sell positions to protect longer term buy positions here onwards, unless we see oil breach $72 level, which at the moment seems unlikely as we saw oil break confidently above $80s last week.LONG CaseWe are looking for buy opportunities on Brent crude Oil, observing crude oil around $75—$78 for signs for upward move...

OPEC+ has delayed their meeting to discuss oil output cuts to 30th Nov. Three OPEC+ sources said this was linked to African countries. OPEC+ said after its last meeting in June that the 2024 output quotas of Angola, Nigeria and Congo were conditional on reviews by outside analysts.   We saw Crude Oil react badly to this plan cha...

SHORT Case · We saw Brent Crude fall to $78 as per last weeks forecast. · $78 level provides support for a strong support, giving Oil a 4% push up the next day · We’re looking to see if there will be a lot of Selling around $84-86—forcing another big sell off to around $75.   LONG Case · If Oil price c...