Brent - Elliott waves 1998-2040
This is my view on what the future of Brent will look like.
Short term - I do believe we cannot go under 50/barrel. Shale will collapse and the price will be brought up very quickly.
Long term - there is a strong bullish trend and we are just about to begin wave 3.
Wave 1: Demand grows, supply grows.
Wave 3: Demand grows, supply stagnates.
Wave 5: Demand slows down, so as supply.
ABC - the Oil age is over, so as once the Stone age.
Short term - I do believe we cannot go under 50/barrel. Shale will collapse and the price will be brought up very quickly.
Long term - there is a strong bullish trend and we are just about to begin wave 3.
Wave 1: Demand grows, supply grows.
Wave 3: Demand grows, supply stagnates.
Wave 5: Demand slows down, so as supply.
ABC - the Oil age is over, so as once the Stone age.
Penafian
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