January 19th, 2021

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The price of a barrel of oil in the short term
Thomas Chaize
February 18th, 2009
Email: dani2989@voila.fr

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
November 6th, 2008February 18th, 2009Email: dani2989@voila.fr

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January 19th, 2021

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