
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2021-08-11 • Updated
On Thursday, August 12, during the day members of the Organization of Petroleum Exporting Countries (OPEC) and Joint Ministerial Monitoring Committee (JMMC) will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. More information about this meeting you can find in the related article.
In this article, we will discuss two possible scenarios for Brent price movement within the next 7-10 days.
Daily chart
On the daily chart, the classic 1-2-3 pattern has formed, as:
There are two trading options available for trading this pattern.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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