Analysis of 3 days candlestick: A Bearish DESCENDING TRIANGLE has formed. Triangle top = 0.235. Triangle base = 0.21.
On tuesday next week it will break below base of 0.21 n head to = 0.21 - (0.235 - 0.21) = 0.185. Thereafter it will stabilise around 0.17/0.175 moving sideways with no volume for a long long time.
NEW YORK, Sept 12 (Reuters) - Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent futures rose $1.42 or 1.6%, to settle at $92.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.55, or 1.8%, to settle at $88.84.
HOUSTON, Sept 14 (Reuters) - Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories. Brent crude rose $1.82, or 1.98%, to settle at $93.70, after touching $93.89, its highest since November 2022. U.S. West Texas Intermediate crude (WTI) gained $1.64, or 1.85%, to $90.16, closing above $90 for the first time since November.
this counter been pushed up from 8c, those bought back then already sit 200% profit, the best time to sell is when good news out, more people chase so can can sell many more
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Posted by Expertise > 2023-08-23 16:39 | Report Abuse
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