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