As calculated last week, Brent Crude oil has dropped—although abruptly, as a result of Israel attack on Iran not being on oil fields—which reduces supply worries. We maintain our stance from last week as we wait to see Crude Oil near the low $70s where we anticipate some kind of reversal upwards.LONG Case • Consider buying crude oil around $71...
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Crude Oil spent much of last week moving sideways, flirting with the critical $75-$78 price range. We look to see what will happen as the price nears $76 ish, whether price will break through to resume the upward move or if there could be a substantial reversal heading back down to $70s.LONG Case• Consider buying crude oil around $78.• Overall we’r...
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Brent Crude Oil Technical AnalysisOil still trading within a narrow range, although we have see more movement than the past 3 weeks. We look to see if oil will come as low as $82 is for a possible buying opportunity. ✅*Go Ahead and Join my Monthly Subscription and get my market forecasts with key levels, price targets, and statistics for short term...
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