Skip to content

Rally fails on Brent Oil. Could be more downside to come.

Brent November 26 2021

The rally has failed on Brent oil. Many commentators are blaming the movements on the new Covid variant but the rally was breaking down well before then.

We exited our long trade at $79.8 and we now have 2 targets which we are considering for long entries in December 2021.

One target is at around $70.8 near the middle of December and the other around $68.2 just after Christmas.

Over the coming weeks we’ll watch how crude oil moves carefully which should enable us to target a more accurate low risk/ high reward trade on oil. Until then it’s best to stay clear of oil as it’s far too risky to enter new positions.

Brent November 26 2021
Brent Oil forecast November 26 2021
$ 15.00
Personal Info

Donate quickly and securely with Stripe

How it works: A Stripe window will open after you click the Donate Now button where you can securely make your donation. You will then be brought back to this page to view your receipt.

Index Setups

Please Donate to help keep our analysis FREE

Donation Total: $15.00


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.