{"id":1211,"date":"2019-09-15T22:43:44","date_gmt":"2019-09-15T21:43:44","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1211"},"modified":"2019-09-16T07:46:40","modified_gmt":"2019-09-16T06:46:40","slug":"brent-crude-panic-update-for-16-09-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/09\/15\/brent-crude-panic-update-for-16-09-2019\/","title":{"rendered":"Brent Crude Panic Update! for 16\/09\/2019"},"content":{"rendered":"\n

#Dax <\/strong>With Fireworks Night coming early for Saudi, there’s a fair chance our recent gloomy outlook for #Brent is about to be turned on its head. With the Kingdom losing 1\/2 its production capacity, early news it hopes to regain 33% on what’s left still leaves a huge hole in production and it’ll be reasonable to expect oil prices to react.<\/p>\n\n\n\n

At present, Brent is trading around the 60 dollar mark, \nneeding above the immediate downtrend at 63.45 to indicate something new is \nhappening. In such an event, we anticipate some moves to an initial 65.80 \ndollars. Perhaps of more interest, if such a level bettered, we’re calculating \n69.15 as “secondary” though, to be honest, the price of the stuff could \naccelerate to 73.92 and challenge the highs of April this year.<\/p>\n\n\n\n

Above 73.92 and we’ll need take a further hard look at \nthe tea leaves! <\/p>\n\n\n\n

The reason for this is slightly strange but here goes. \nIf a price exceeds the high achieved, once an up-trend has been broken, there’s \na more than reasonable chance the trend break has failed, therefore giving the \nprice an expectation of further recovery. Or in plain English, our doom and \ngloom expectation risks turning into a load of bollocks. In the case of Brent, \nif it now were to exceed 77 dollars for any reason, a cycle toward 111 dollars \nis a reasonable longer term expectation.<\/p>\n\n\n\n

For now, to justify concern in another direction, the \nprice of Brent requires drip below 56.50 dollars. (if we are to trust the \nrevised Grey uptrend since 2016)<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

12:01:16PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

59.7<\/font><\/TD>

\n\t

58.53<\/font><\/TD>

\n\t

57.11<\/font><\/TD>

\n\t

55.02<\/font><\/TD>

\n\t

60.1<\/font><\/TD>

\n\t

60.36<\/font><\/TD>

\n\t

60.96<\/font><\/TD>

\n\t

61.77<\/font><\/TD>

\n\t

59.11<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

12:04:40PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1489<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

2:05:12PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7335<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

2:11:45PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5646.5<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

2:14:14PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12457<\/font><\/TD>

\n\t

12400<\/font><\/TD>

\n\t

12386<\/font><\/TD>

\n\t

12349<\/font><\/TD>

\n\t

12463<\/font><\/TD>

\n\t

12497<\/font><\/TD>

\n\t

12514<\/font><\/TD>

\n\t

12542<\/font><\/TD>

\n\t

12445<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

2:16:34PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

3006.12<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

2:18:18PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

27214<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

2:20:16PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7884.39<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

2:48:11PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

22054<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

13\/09\/2019 FTSE Closed at 7367 points. Change of 0.31%. Total value traded \nthrough LSE was: \u00a3 5,645,792,852 a change of -3.82%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Dax With Fireworks Night coming early for Saudi, there’s a fair chance our recent gloomy outlook for #Brent is about to be turned on its head. With the Kingdom losing 1\/2 its production capacity, early news it hopes to regain 33% on what’s left still leaves a huge hole in production and it’ll be reasonable … <\/p>\n

Continue reading “Brent Crude Panic Update! for 16\/09\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1211","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1211\/revisions"}],"predecessor-version":[{"id":1212,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1211\/revisions\/1212"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1211"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}