TTE.PA's own range by the horizon±4.5%bar to clear
The dashed levels, the dated horizon and the shaded range are sealed in the record. The price line is live market data — context, never part of the proof. The call settles on the price at the horizon, not on touching the target before it.
Rationale
Refining cash-flow models downward as European downstream margins compress and refining spreads narrow. The consensus is still pricing Brent resilience through the winter without factoring in local demand destruction.
Discussion
Comments are discussion, not evidence. They can be edited or deleted at any time and are never part of the sealed record, the proof, or anyone's score.
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