My previous analysis now seems a bit optimistic. The larger picture is still unchanged though.
Several points:
1. Rig is the leader in OSD so the strength of the overall market helps a lot
2. The market is pricing in a lot of the negative news. Even if no deal in this OPEC meeting, any news on continuous deal efforts could keep oil bears in check
3. There is a strong technical support around $8.70-$8.80 area
4. $11.35 still obtainable by year end
5. The blue and red arrow provide 2 likely path for the next few days
Several points:
1. Rig is the leader in OSD so the strength of the overall market helps a lot
2. The market is pricing in a lot of the negative news. Even if no deal in this OPEC meeting, any news on continuous deal efforts could keep oil bears in check
3. There is a strong technical support around $8.70-$8.80 area
4. $11.35 still obtainable by year end
5. The blue and red arrow provide 2 likely path for the next few days
Nota
So far the prediction is on target.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.