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Brent to Break over $40.00 to $45.00?

Oleh mehmetozgurkaragozoglu
Diupdate
Lets see if the price squeezed in this triangle breaks and the bulls have the day...
Catatan
This hour Brent Oil breaks the triangle at 39.63. Now the strong $40 remain.
Trade aktif
Brent Oil breaks over $40. Market seems to try to make this resistance a support level. If successful will wait until $45 level.
Catatan
Bren Oil just hit $42. Still waiting for $45
Trade aktif
NOW here is the kicker... Will Brent see $45 today? That would be a $6 move from the lows of today. The Bulls will reach their target, and the Bears are ready waiting for them at that level. OPEC & OPEC+ Meeting on June 6th this Sunday. OPEC wants the price high but not Shale Oil makes a profit high. And since most Shale oil fields make a profit after $50... This would be OPEC's goal in the Brent Oil price: Keep it below $50 but over $40
Trade aktif
End of day Brent Oil is at $41.85. Not quite the $45.00 level. Stop loss set at $41.60 and wait through the weekend.
Trade aktif
OPEC announces cuts through July over the weekend. BRENT OIL at + $43 levels. Target is at $45, but everyone's target is $45. And the market rarely obeys everyone's wishes. Discipline says leave target where it is, guts say it will overshoot all the way to +$47. Will decide today with thin stop loss margins
Trading ditutup: stop tercapai
Trade stopped out at 41.6
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mehmetozgurkaragozoglu

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