Tez8

Brent Oil is heading to $100

Long
FX:UKOIL   CFDs on Crude Oil (Brent)
SUMMARY: Long, heading to $100 and Oil and gas is in a multi-year bull cycle - very bullish on oil and natural gas .

-- Technical --
Price action is above the EMAs and in a current bull cycle.

-- Fundamentals --
There has been many years of over supply pushing prices down global which has lead to underinvestment, in combination of ESG mean many investment funds are reluctant to invest into perceived "dirty" oil and gas industry.


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*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think, have I got it right? Let me know below.

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