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Commodities Briefing - Categorized | Oil, Price Watch more

The correct price for crude oil

Posted on 08 April 2014

With the flattish nature of its action over the past several months, oil seems to have reached a tipping point on price. It’s almost as if the charts are saying that oil either must break up or break down, if long-term trendlines are going to be respected.
Barrons took the opportunity to plump for a downside break last weekend, a prediction I have vigorously argued against in both print media and on-air. But one follower of mine made a very astute observation, pointing out to me that futures markets for crude oil ten years out are ‘predicting’ oil prices almost $20 lower………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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