Oil

Brent Oil is falling nicely away from our short entry zone. Anyone who took this trade should place stops at the high – which is right at the bottom end of the short entry zone – so no excuses for losses. Difficult to say how far to let this one run but we do have a long entry zone well below current levels between mid November and early December. As… Read More »Brent Crude Oil Forecast October 28 2021

Brent Oil has just clipped the bottom end of our short entry zone today – twice – the second attempt coming in slightly lower than the first. The timing is perfect but we would have liked a couple of bucks more to get a bit closer to our dotted red line. Our long entry zone, out in November is currently below $70 so current level may be an interest risk/… Read More »Brent Crude Oil forecast update October 18 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. We believe brent is nearing a top which could… Read More »Brent Oil Forecast Update October 5 2021

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… Read More »Brent Oil Forecast Update August 16 2021