Outlook for global oil prices
Energy markets are volatile and difficult to predict, but independent analyst Alistair Strang has checked his charts and identified some key levels to watch out for.
9th September 2026 07:14
by Alistair Strang from Trends and Targets
A common theme running through any reports we provide on crude oil has been a firm belief the product price is being manipulated. To judge from movements, it feels very much like the US and Iran must be colluding in taking turns to provoke market “crisis”, the driving force always being the start of any trend which risks returning the price of the product to sensible levels.
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Price movements against Brent crude since April of this year, in normal circumstances, would have indicated an imminent return back to its historically sane price level around $61. Instead, on each occasion the market felt like it was weakening, someone would fire missiles or someone would drop some bombs. It does remain the case where conventional Big Picture logic still allows for market reversals, but we’ve about lost confidence this shall happen.
At present, we can calculate an issue at the $100 level. Movement above such a point risks triggering price gains to an initial $119 with our secondary, if bettered, at a painful sounding $129. This secondary ambition unfortunately makes some visual sense, due to the previous market high when the Ukraine war kicked off.
If there is to be any form of reversal, we can work out below $91 could now be an issue, capable of triggering an oil drip down to an initial $75 with our secondary, if broken, at $61 and a return to the median price level experienced since 2012.
This certainly creates a situation where $91 represents a reasonable stop-loss point if our $100 trigger is activated.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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