The Battle of the H&S and the invert H&S

15 Eki 2022

As you can see there's an unconfirmed invert hs on the daily which could lead to a rise to 100+. But there's also an unconfirmed hs, smaller, but could absolutely invalidate the other one. Which one will win out? Based upon seasonal and fundamentals arguments, the price will rise until Dec-Jan. Based upon Brent vs Wti and fundamentals, the price will fall. On the balance, I think down is the way to go short term.

18 Eki 2022

Not

Ha!