The price of a barrel of oil in the short term Thomas Chaize February 18th, 2009 Email: dani2989@voila.fr www.dani2989.com The price of oil is in horizontal channel in the short term between 35 to 50 dollars. To short term (1 to 3 months) : Two solutions: Out of the $ 50 resistance: bull signal, $ 65 minimum target. Out of support for $ 35: bear signal, $ 20 target. ![]() To Medium-term (2 years) : The price of oil barrel is building a foundation on the $ 35, the strength of this support must be monitored. The severance of $ 35 is "possible" and not "probable." This breakdown of $ 35 would result in a decrease in the area of $ 20 a barrel. Ultimately this would have a devastating effect on the long-term production. To the long term (5 years): Violent consolidation to these recent months does not affect the upward trend in the long term. We have seen a small drop in global demand accompanied by a violent collapse of oil prices, now it destroyed new projects. We will then assisted the opposite scenario, ie a small decrease in supply and prices satellization barrel. "Believed in oil, fall is not a reason to fear but opportunity to purchase " John Davison Rockefeller
Dr Thomas Chaize
This analysis is only available to the members of the mailing lists free site : To register you on the free mailing list : http://www.dani2989.com/mailing%20list/mailinglist.htm (You can left at any time my mailing list with a simple email at the same address) |
Home :: Archives :: Contact |
SATURDAY EDITION June 3rd, 2023 © 2023 321energy.com |