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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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.