BRENT CRUDE OIL may drop in price by as much as -65%

Updated
Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe
The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies.
The world's economies have not yet recovered from the Covid-19, and here is another blow.

Expensive energy will stop buying due to the excessive cost of production of "everything", the purchasing power of the population falls. Declining demand for oil will bring down the price.
The fall in the price of Brent oil -25% in the coming months in the area of ​​$78-80 per barrel will be just the beginning.
But looking at the schedule, is striking the price zone of $36-46 to be a strong mirror level and this is -65% of the current price
Maybe this is a fair price for oil, from where a total restart of the world economy can take place by purchasing cheap energy resources.

Perhaps this is symbolic, but for the first time on the historical price chart of Brent, the zone of $36-46 was established as important when there were powerful geopolitical world changes: 1979-1980 - the Islamic Revolution and 1990-1991 - the collapse of the USSR
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Note
The first target of $78-80 has been achieved.
A small rebound upwards is now possible.

But globally, there is a very large space where price can fall.
Hopefully TP 2 will be reached, patience)
snapshot
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2.5 years ago we made our forecast for the future oil price.
In short, we wrote:
- Brent is about to start a downward trend from $106 to:
TP1 - $78-80 done
TP2 - $60-62 will be very soon
TP3 - $36-46 will be in mid-2025
This will be a period when some players will disappear from the geopolitical map of the world and others will rise from the ashes.
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