CRUDE UPDATE: Technicals signalling a shakeout ?
Bond yields are weak and global growth fears are mounting. With quite a lot of PMI misses recently.
Could we see a wedge formation and correction ensue for Brent ?
Seasonally Aug+Sept tend to be toppy/choppy for Crude.
If we do get a correction into the low 60s I think it represents a great buying opportunity for the longer-term bullish supercycle thesis.
Could we see a wedge formation and correction ensue for Brent ?
Seasonally Aug+Sept tend to be toppy/choppy for Crude.
If we do get a correction into the low 60s I think it represents a great buying opportunity for the longer-term bullish supercycle thesis.
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