Price forecast from 26 to 30 August 2024

Sellers cannot convince us of their ability to push the market lower. We see an extremely attractive picture from a technical buying point of view. It could easily be broken now, but the longer we stay above 75.00 Brent, the better the chances are that bullish news will come and we will move $15 up. It is alarming that China is being buried so loudly in the press that it gives the impression that oil will be given away for free tomorrow.

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