Fitzpatrick’s Team:
“The present set up on Brent and Nymex both suggest that lower levels
in the oil price are a danger in the weeks ahead. The spread chart
between the two further suggests that Brent may continue to underperform
(as it has done recently).
Copper also looks set for
further losses. That target corresponds closely to the converged
200-month moving average (which we hit in 2008), and rising trend line
support off that 2008 low (196.5-198.5).
Please share this article
No comments:
Post a Comment