Oil – the bear is turning bullish
March 27, 2023 Leave a comment
Whilst I have been bearish on the Oil price for the past year, there was a time when I was bullish.
That was way back in June 2020. The price of Brent Crude then tripled.
The circle in the chart below shows that June 2020 period.
In this article, dated June 12, 2022 I mentioned Brent Crude trading around $37 represented an attractive entry point and that it should hold the $32 level, which it did.
Today, (3 years later) I am preparing for a moment to accumulate Oil or oil-related securities again.
March 27, 2023
by Rob Zdravevski
rob@karriasset.com.au
About Rob Zdravevski
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