BarrieWallace

BarrieWallace

Looking at the trend change on the 7th June and placing that move within the 3 month trend lines, excluding the anomaly of sub zero pricing, I project we could see a pushing of the support we found previously and reach low 30 pricing. A few trigger points can be taken to indicate an alternative view however which I will publish next, remember to trade safely and...

BarrieWallace

A few if and buts in here, however: If we continue in a downward trend towards 31.4/31.45 region and then begin heading up again, Without breaking 32.0 Then if we continue with a positive trend between 7:00 and 7:30 We can expect the climb positive out of here. If however it breaks the 31.4/31.45 region, or turns negative during the 7:00 to 7:30 window then we...

BarrieWallace

The PPs drawn on last week have overall been kept to with support at both points. A positive trend line, so is it directing towards a positive climb?

BarrieWallace

Continuing the overall downward trend as expected however potentially coming onto the PP that could show support to the downward turn. Potential PP @ 20.00 +-

BarrieWallace Updated 

Are we coming into a potential wedge supported by PP? Could this coincide with the opening of the market and positive market sentiment of the meeting with US producers on cutting output?

BarrieWallace

Analysis on potential short post oil war / corona crash.