Selloff in Brent yesterday means improving risk-reward on going going long Brent now with the fundamental factors predicting a FV of about 69. However with CTA Brent positioning still near highs (longs), we could see more selling pressure so I suggest wait till their selling is done before going long (next big selling point is at 64 levels)
![]()
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments