11.24.16
by

Could Oil Make A Break For $90 In 2017?

http://www.financemagnates.com/forex/bloggers/opec-push-oil-back-90-charts-say/

An article I had published in Finance Magnates.

Essentially I believe 3 things for 2017 –

  • USD weakness due to CCY swaps becoming too expensive to fund treasury & US equity buying from foreign investors.
  • OPEC meeting at the end of the month could drive oil prices up.
  • Chart technicals indicate oil bullishness.
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One thought on “Could Oil Make A Break For $90 In 2017?”

  1. Pingback: Could Oil Make A Break For $90 In 2017? — David Belle FX – CFDs Education

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