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.