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Predicting BRN's path to 1.05 by end of Q3
Looking at $BRN, currently around 0.9857, I've been wrestling with its trajectory into Q3. The recent uptick is notable, pushing it past the 0.96 resistance it struggled with last week. My sense is there's a roughly 60% chance we see it test and hold above 1.05 by the end of September. This isn't based on any single catalyst but more of a cumulative effect: continued supply chain adjustments, a slightly softer USD outlook into year-end, and what appears to be a broader re-evaluation of energy sector valuations. The upside momentum seems to have some legs, but that 1.00 psychological barrier, combined with potential profit-taking, could make for a volatile August.
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