Since the last update, Brent has broken above the major Falling Wedge...
And it's been on a quiet but consistent trajectory up.
With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target.
$100!
We are in it for the medium term.
And it's been on a quiet but consistent trajectory up.
With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target.
$100!
We are in it for the medium term.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)