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Oil outlook: $20 possible if macro-economic climate worsens; for now – favouring a range trade

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    OPEC has discounted everyone to death, says Gaurav Sharma, Oil Analyst at Sharecast & Digital Look, as he joins the Tip TV Finance Show to discuss the outlook for Oil prices, and the oil majors – Shell and BP. Oil output unlikely to dip until 3rd quarter 2016 Sharma starts by saying that the OPEC is discounting everyone to death. OPEC production has fallen, but still remains at high levels. The sentiment is in favour of too much oil in the market, says Sharma. He adds that there is so much

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