top of page
  • Writer's picturePeet Serfontein

Analyst thoughts: Brent Medium-Term

VIEW RETAINED FOR A CONSOLIDATION PRICE ACTION.

  • The medium-term outlook of W,X,Y gains to T1, followed by A,B,C downside to S1, has materialised.

  • The corrective structure of both the W,X,Y and A,B,C formations point to further medium-term consolidation within the R0*/S1* parameters.

  • Current a,b,c-defined gains should target R0, followed by a sideways bias, as illustrated.

  • The illustrated a,b,c,d,e scenario is a generalised illustration. Many alternatives can develop within the indicated range.

Target and re-assessment levels

Important Levels: R0*/S1*

Primary trend: R0*/S1* consolidation

Prevailing trend: ABC Gains to R0*

Technical rating: Medium



1 view0 comments
bottom of page