Don't worry crude will cool to $60Brent crude completed its 'A' wave after a WEDGE break-out.
It reached 76.8% of wave 'A'@$115.60, and started to fall
Economical slow down will not support its way up,
the result is formation of wave 'B' downwards until 61.8% of wave' A' ($60)
the maximum time as per Neo wave is june24
BZ1! trade ideas
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Energy was the best trade short term, 125$ will be the topAnd energy will remain the best trade in long term. (going to 185$+ in next cycle).
Beautiful double top is forming.
However, because of the coming crash. Energy will follow indices even if less than during covid.
So I feel the objective to be around 43$
Brent Oil Commodity Europe Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Oil short setup updateHere is how I see crude going down to 30+ zone into the end of this year. 1-2 / 1-2 set up is almost complete, we should see a strong move down starting end of April/early May. First support is 70+ zone, then 50, and 30 to complete the whole structure. I expect a long lasting (10+ years) bullish trend afterwards.
Brent Oil Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Brent UK USA Europe Commodity Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Brent Oil Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
BR1! - Looking forward TP89Pull Up condition :
1) BRENT has BO Level-1 and expecting to reach Level-2 of Raising Stage (F) at 89.37+/-
2) Tricol+ indicator - Banker's sentiment (red) reach above 75%, trapped fund (turquoise) has gone.
Support & Resistance:
S : 82.56 (Level-1) (-2.76%)
R : 89.37 (Level-2) (+5.27%)
Disclaimer:
Opinion above is solely for the purpose of education/case study/opinion sharing only. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
BRN1! (D) Support & Resistance Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
oil bull oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green