We have an oil update: 🛢️📈
According to the analysis we reposted on June 21, we expected to see increased demand for oil around the $75 mark, as well as increased tensions in the region. 🌍💥
After a month until now, everything has gone exactly according to the analysis, but we expect volatility in the $90 to $100 range due to the price hitting the uptrend line and a downward trigger. 📉📊
As a result, the regional atmosphere might be calm for about one or two weeks; any medium-term growth requires breaking the downward trigger, in which case the next targets will be $150 to $170, and we will also see a significant increase in the intensity of tensions. 🔥🚀
From a geopolitical perspective, just as I previously mentioned the Bab el-Mandeb strait, this topic alongside:
- The closure of the Strait of Hormuz 🚫🌊
- Attacks on oil facilities in Persian Gulf countries ⚡🛢️
- Reduction of strategic reserves in oil-dependent countries 📉⛽
All of these are very good drivers for further growth of this asset. 💰📈
According to the analysis we reposted on June 21, we expected to see increased demand for oil around the $75 mark, as well as increased tensions in the region. 🌍💥
After a month until now, everything has gone exactly according to the analysis, but we expect volatility in the $90 to $100 range due to the price hitting the uptrend line and a downward trigger. 📉📊
As a result, the regional atmosphere might be calm for about one or two weeks; any medium-term growth requires breaking the downward trigger, in which case the next targets will be $150 to $170, and we will also see a significant increase in the intensity of tensions. 🔥🚀
From a geopolitical perspective, just as I previously mentioned the Bab el-Mandeb strait, this topic alongside:
- The closure of the Strait of Hormuz 🚫🌊
- Attacks on oil facilities in Persian Gulf countries ⚡🛢️
- Reduction of strategic reserves in oil-dependent countries 📉⛽
All of these are very good drivers for further growth of this asset. 💰📈
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.