Brent Oil - Observations

198
In most trends we see zig zags, which is why on the medium/long term I am bearish on oil, we have just come out of a sudden and dramatic fall, there is a sell the rally mentality, therefore I don't think the oil will fly off in the opposite direction , instead we will see some stability through January and upside to 62 maybe 65 but downtrend will continue in February. equities/ indices are in a bearish downtrend and oil has shown recently to be coupled with these.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.