August ' 18 Crude Oil Report
OPEC's supply increase agreement (June 22nd) hasn't been able to take Brent below 70. Is Crude now going to attempt new highs ($90?) this year? Or, will it see a correction below $70? We analyze a crucial technical break and delve into its historical validity to find some answers. Correlation trends between Crude and global GDP also throw up an interesting conclusion. This time, we also forecast the timing and nature of the next 'big move' in Crude. Monthly & Quarterly projections included.
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