Correlation with Oil Prices:
TTE, being an oil and gas company, is closely correlated with WTI and Brent crude oil prices.
Market Uncertainty:
The fundamentals of industrial production are uncertain due to high commercial tariffs and evolving economic conditions, which could impact demand and slow down industrial activities.
OPEC+ Production:
OPEC+ countries are expected to increase production more than anticipated, potentially leading to a slight correction in oil prices .
Financial Strategies:
TTE has buyback plans and other financial revenues, which could provide some stability 3 4.
Stock Price Prediction:
If oil prices range between €50 and €65 per barrel, TTE's stock might vary between €42 and €55.
From a technical standpoint, breaking the €52 level on a weekly timeframe could lead to a correction down to €42.
Conversely, stable fluctuation above €52 could keep the stock in a fluctuating mode, potentially rising to €60.
Let's keep an eye on how things evolve! If you found this analysis helpful, please like and boost 😊
TTE, being an oil and gas company, is closely correlated with WTI and Brent crude oil prices.
Market Uncertainty:
The fundamentals of industrial production are uncertain due to high commercial tariffs and evolving economic conditions, which could impact demand and slow down industrial activities.
OPEC+ Production:
OPEC+ countries are expected to increase production more than anticipated, potentially leading to a slight correction in oil prices .
Financial Strategies:
TTE has buyback plans and other financial revenues, which could provide some stability 3 4.
Stock Price Prediction:
If oil prices range between €50 and €65 per barrel, TTE's stock might vary between €42 and €55.
From a technical standpoint, breaking the €52 level on a weekly timeframe could lead to a correction down to €42.
Conversely, stable fluctuation above €52 could keep the stock in a fluctuating mode, potentially rising to €60.
Let's keep an eye on how things evolve! If you found this analysis helpful, please like and boost 😊
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.