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  • Writer's picturePeet Serfontein

Analyst thoughts: Brent Long-Term


  • The general outlook of a bull phase off Z to T1 and T2* is materialising. The lower case letters quantify recent price action with capital letters being the forward prediction.

  • A medium-term W,X,Y bull phase is expected to reach the highlighted T1/T2* target area, followed by medium-term ABC downside to S0*.

  • The current consolidation between R1 and S0* is potentially a consolidation (X) within the larger upside.

  • The important negation level for the bullish potential is at S0*.

  • Breaking above R1 will activate upside to T1.

  • Medium conviction view.

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