Brent Oil Analysis

3 ต.ค. 2016

Hello,

Based on graphics, here's a fresh, simple short-/mid-term analysis on Brent Oil.

1st target: Brent at USD 66/barrel (+32% if compared to October 1st quotation)
2nd target: Brent at USD 80/barrel (+60% if compared to October 1st quotation)

Note 1: Weekly-based
Note 2: Inverse Head-and-Shoulders
Note 3: maybe there will be consolidation between USD 61-66/barrel.

Hope it's useful for someone.

Best Regards from Brazil.