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More on oil (from foreign articles).
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That is my guess - the Americans do not foresee oil rising above 44 in the theoretical foreseeable future
The charts, on the other hand, are completely unbiased
Let's take a look from the Daily bump :
And with the Weekly, let's have a look
Brent_20160126_Week
So he must have calmed his audience with this article saying "guys, don't worry, it's too late to make a sell, but your competitors won't do well either, because oil will not go higher than $44 during my lifetime". (and the article was published in Business Insider 4 hours ago and about China that they are buying and will continue to buy more and more oil - in Market Night 8 hours ago). And China doesn't care who Dennis Gartman is :)
who predicts morgan stanley or the world bank more accurately? ))
the latter has a forecast of only 37 )
http://www.forbes.ru/news/311309-vsemirnyi-bank-rezko-snizil-prognoz-tsen-nefti-v-2016-godu
Here it reminds me of Deutsche Bank, Morgan Stanley and other international financial institutions who must have been making EUR/USD forecasts for four months straight several times a week in the mode of "we believe EURUSD will be 0.95 at the end of 2015", "we believe EUR/USD will be 1 at the end of 2015, and 0.95 at the end of Q1 2016"... and so on. And EUR/USD is now 1.08 ...
The thing here is that the price is not driven by US corporations alone .... There is also China ...
This is the work of shaping the "opinion of the masses"