In the middle of nowhere

١٢ مارس ٢٠١٨

The Brent seems to have left it's uptrend broadening wedge pattern to the downside. Will Brent settle in a 60 to 70 USD Range?

٢١ مارس ٢٠١٨

ملاحظة

Back in the wedge. Will the almost certain retest of the 70s succeed?

٢٦ مارس ٢٠١٨

ملاحظة

Retest ongoing. This week might be interesting...

٢٨ مارس ٢٠١٨

ملاحظة

Retest unsuccessful. The upper limit is confirmed. 60-70 USD range confirmed. But maybe the small 68 to 71 USD wedge confirms too. It will be left in May latest...

٤ أبريل ٢٠١٨

ملاحظة

Next stop 65.50 USD...

١٠ أبريل ٢٠١٨

ملاحظة

...well finally it was 67 USD was the end of last week.
Here we go again towards the 70+ USD resistance...

١٦ أبريل ٢٠١٨

ملاحظة

Rockets over Syria... Brent pierced through that resistance. Will that be all or is Brent now at a higher level?

٢٣ أبريل ٢٠١٨

ملاحظة

The resistance is broken. If in 3-4 weeks it is still in the 70s or higher then I declare the range broken... and I would expect mid/long term prices back in the 100s...

٨ مايو ٢٠١٨

ملاحظة

Retest of the support (former resistance) line expected around the 17.5.2018.
If it holds then I consider a bullish scenario for a climb to the 100 USD area engaged.

١٦ مايو ٢٠١٨

تم إغلاق الصفقة يدويًا

As of now I consider the trend as broken. Trading suggestion: an eventual pull-back to 73 USD would offer a good entry point for a long position.