CRUDE UPDATE: Technicals signalling a shakeout ?

Bond yields are weak and global growth fears are mounting. With quite a lot of PMI misses recently.

Could we see a wedge formation and correction ensue for Brent ?

Seasonally Aug+Sept tend to be toppy/choppy for Crude.

If we do get a correction into the low 60s I think it represents a great buying opportunity for the longer-term bullish supercycle thesis.
brentChart PatternsTechnical IndicatorsoottTrend AnalysisCrude Oil Brent

Również na:

Wyłączenie odpowiedzialności