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OPEC

Forex Market Monthly Outlook – November 2017

Politics continued to remain in the forefront for the month of October. This time, however, focus turned to Asia as the Japanese Prime Minister Shinzo Abe called for snap elections. Japan held the elections on the weekend of October 24…

What OPEC Deal? Production Set To Rise in July!

Crude Oil managed to recover from June’s lows all the way to today’s high, supported by some OPEC and Non-OPEC members remarks, in addition to some inventories data. Despite all the talk about the production cut deal, there is something…

Spotlight firmly on WTI Crude Oil

The foreign exchange markets have commenced trading with currencies attempting to modestly recover losses after suffering punishment following another surge in USD strength over the previous week. Moving away from currencies, the major…

Crude Resistance Lines Up Near 51 Next Week

By Jamie Saettele, CMT, Sr. Technical Strategist “Price wise, oil is locked in a volatile range and it takes a break of 54.21 to set the stage for a rally to a double bottom objective of 58.29. The top of December congestion at 59.01…