Brent Crude Oil discussion
USDBRO If it breaks 76.02, its gonna up. Final testing phase
USDBRO weekly buy signal, not bad for crude.
UKOIL what will happen if deescalation happens. big fall againUKOIL I am short from 72.6 now will be in huge loss
BCOUSD Up to 84 then look for reversal pattern
BRENT All storages all declining and its still going down?!
BRENT those middle east conflict cant out-weight weak demands now.plus, OPEC+ is tempting to increase their production output.
therefore i doubt that the price would go any further over 80/barrel or won't hold that high level for very long if reached
BRENT This rising conflict is keeping a presure on the biggest commodity of the century, considering middle east is all in on it and major crude comes from Middle East, you never know when this brent shoots overnight and come near $95 or like 2001 too, what you guys think , the outcome of these middle east mess backed by the super powers of the Globe ?
BRENT In Addition, crack spreads are higher today than they were on the 7th. Prompt spreads really close as well, but the oil market generally responds to crack spreads (fuel margins)....which obviously was driven by the gasoline inventory drop last week.....so there are some signs of a physical market showing a pulse.USDBRO the test will be over at 80.36. next point would be 83.15. if it pops up gonna burst up. Something going to happen upto next week arounf the world which either surge its price or pull back to 66.5 for next month