Brent oil is hopefully moving towards the long entry zone which we tweeted about on the 29th June here.
We are still 6 to 7 weeks away from this but this is worthwhile keeping an eye out for as is could be a low term low.
It’s important not to jump in early on a long on this one as we have calculated potential for a quick snap down to around 61.65 at the end of the month – however we think the 65-66 zone is more likely a month later.
For those of you thinking “longer term” (i.e. years) we see much higher levels ahead – to be honest it’s not rocket science for #Oil.
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