| It’s always tempting for commodity analysts to issue forecasts for the coming year, even though we intrinsically know that the future is inherently uncertain and even the most reasoned expectations can be easily confounded by events. With that in mind, and with a nod to my fellow Australians’ love of a punt, I’ve decided rather to do a list of bets I may be tempted take in commodity markets in 2016, assuming I was allowed to wager.
1. Crude oil will trade both below $30 a barrel and above $60 in 2016: Logic and momentum suggest the first part of this bet is a no-brainer, with both Brent and WTI crude already having tested below $35 (Dh128.45) a barrel. The second part relies on history repeating itself insofar as when the bottom is reached, the rebound tends to be rapid...............................................Full Article: Source
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