Brent Oil Long- Heading for a Golden Cross
SUMMARY: Long, oil will continue its price appreciation throughout the year and into 2022. Target $150
On Technical Basis, it is above the Gaussian Channel and it is about to pass a Golden Cross on the daily 50/200 MA. - very bullish
The supply-side has been reduced because of the pandemic and reduced investment over the years from lower prices, Carbon Tax has been pushing funding away from hydrocarbon businesses - very bullish
On Technical Basis, it is above the Gaussian Channel and it is about to pass a Golden Cross on the daily 50/200 MA. - very bullish
The supply-side has been reduced because of the pandemic and reduced investment over the years from lower prices, Carbon Tax has been pushing funding away from hydrocarbon businesses - very bullish
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.