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Brent Oil Price Outlook November 15 2021

Brent November 15 2021

The brent oil price is current just above $80 which is around $5 below our short entry zone which was hit almost a month ago. Looking forward our next low risk entry zone is still long. We are now able to calculate a narrower entry zone in terms of price and timescale.

We currently expect price to bottom between $73.00 and $73.50 around the 17th December – give or take a few days.

Before then, brent crude oil could find support at a nearby trend line intersection around $77.60 or above.

Those of you who are remaining short should have stops in place at the bottom end of the short entry zone.

Brent November 15 2021
Brent Oil Price Forecast November 15 2021
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