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 😊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.