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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.