Brent Oil Long- Heading for a Golden Cross
SUMMARY: Long, oil will continue its price appreciation throughout the year and into 2022. Target $150
On Technical Basis, it is above the Gaussian Channel and it is about to pass a Golden Cross on the daily 50/200 MA. - very bullish
The supply-side has been reduced because of the pandemic and reduced investment over the years from lower prices, Carbon Tax has been pushing funding away from hydrocarbon businesses - very bullish
On Technical Basis, it is above the Gaussian Channel and it is about to pass a Golden Cross on the daily 50/200 MA. - very bullish
The supply-side has been reduced because of the pandemic and reduced investment over the years from lower prices, Carbon Tax has been pushing funding away from hydrocarbon businesses - very bullish
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