Short term view - TOTAL GABON : The moving average is capping prices.
The trend is still bearish, the invalidation level is above €156.90. The target is at €127.60.Arguments :
- The major support has been breached.
- The moving average is capping 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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