Oil grows stronger in any form. Many analysts wonder what is causing this. The same bank analysts already have many explanations. I would like to remind you that the same analysts at the end of the previous year and at the beginning of this year spoke about the price of oil as a speculative bubble. some topic read … 😉
Personally, I will not say anything specific because the oil surprised me. Yesterday I switched my thinking towards further increases, and such an idea came to me. Since there is no correction on the horizon that could be a downward impulse, maybe the initial assumptions were wrong? What if we treated the September and October correction as a flag? Then the price range automatically increases. In addition, the trend line is slightly different than before. My thinking is shown in the pictures.