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  • Writer's picturePeet Serfontein

Analyst thoughts: Brent Long-Term

VIEW RETAINED: THE BULLISH TREND APPEARS TO BE EXPERIENCING A MID-TERM CONSOLIDATION.

  • The long-held bullish stance gains from Z to T1 and T2* has materialised.

  • The medium-term W,X,Y bull phase has reversed off T1 as the first target level.

  • The medium-term A,B,C downside is now active, with further final phase C downside towards S0*

  • A protracted T1/ S0* consolidation phase should precede any further eventual gains.

  • The important negation levels for the consolidation stance are at T2* and S0*.

  • Medium to high conviction view



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