Patrick Ryan Barrons Fx: WTI CRUDE UPGRADED TO EXTREME BUY AFTER TESTING MAJOR SUPPORT |
| August 12, 2015 | August 2015 Bond Updates |
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Global Director of Trading for BarronsFX, Patrick Ryan, has placed WTI crude on the extreme buy list. (1888PressRelease) Mr. Ryan, with over thirty years' experience in trading global commodity futures with a focus on energy releases this latest recommendation with a high degree of confidence. Mr. Ryan states, "The present conditions in crude are unsustainable. It is the opinion of myself and our top analysts here at BarronsFX that the market cannot bear sub $40 oil at this time. Our immediate forecast is for WTI to trade back up towards $70/barrel within the next several months. There we should test strong resistance. The long view is difficult to predict due to changing political winds across the globe, so our near term strategy is to capture a portion of this next move to the upside, exit once the rally slows down and re-evatute the market at that time. With zero to negative interest rates the status quo for the foreseeable future, and a currency war heating up in the East, it is not inconceivable to see crude test triple digits again sometime within the next year. However, vigilance and patience is the word of the day." BarronsFX was founded in October of 1995 and is based in Zurich, Switzerland with Regional offices in both San Jose, Costa Rica and Singapore. You can find out more about BarronsFX and this and other recommendations by emailing them at info@barronsfx.com. Patrick Ryan is available for private consultation for select investors. Disclosure: Trading in futures and options is not suitable for all members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Only risk capital should be used. Past performance is not indicative of future results. |
| View more at: http://www.1888pressrelease.com/patrick-ryan-barrons-fx-wti-crude-upgraded-to-extreme-buy-a-pr-570679.html |
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