Short term view - TOTAL GABON : Prices are breaking above the moving average, it is a sign of strength.
In our previous short term analysis (29/09/2016), we were positive.We remain positive with a target at 135,9 € and an invalidation level at 128 €.
The bullish trend resumes after the consolidation.
Arguments :
- The support has been reached, it causes the bounce.
- Prices...
Total Gabon is mainly engaged in the crude petroleum and natural gas sectors. Co. is engaged in international oil and gas exploration and production. Co. operates under licences, concession agreements, and production-sharing agreements with host nations. Co. is involved in the exploration, excavation and sale of oil and gas. Co. is also engaged in oil refining, marketing, and trading.
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