FUNDAMENTAL ANALYSIS Despite international agreements (USA/IRAN) can increase the supply on the market, OPEC could support oil prices in the medium term (Q1 2016). We also believe, a price increase will help the Fed to approach the inflation target (around 2%).
ANALYSIS CORRELATED (Dollar Index)
(Eur(Usd)
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While prices do look like a bullish setup and I am a big fan of your work, I just want to offer a different view. (based on my gut and a trendline which I probably shouldn't trust... haha)
smitheric1970
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Good stuff! While I think this is what all markets need to happen with oil medium term to keep everything afloat, I am still bearish oil. But if we get a solid daily close above 50.37, I may change my tune... Regardless, this is the short term view...
smitheric1970
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Prices seem to be struggling breaking into the range above 47.4