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Brent Oil Forecast Update October 5 2021

Crude October 5 2021

Our last brent oil forecast was in August where we expected a long entry zone for crude oil at around $65 – “in October”. Unfortunately the zone was hit later in August and killed off the “timing” of our projection.

We are now in a position to make a new forecast which will hopefully hit both the levels and the timing.

Crude October 5 2021
Brent Crude Oil Forecast October 6 2021

We believe brent is nearing a top which could last for several months – certainly for the remainder of the year. This could give the opportunity for a short with tight stops and a very good risk/ reward ratio. If we are correct then this is likely to lead to a long term bottom with another opportunity to go long.

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The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or medium are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.