This map shows what the largest export good is for each nation in the world. Most people think of Canada as a resource nation, but it's actually autoparts that is the largest export.
Saturday, July 23, 2016
Crude Oil Vix vs Crude Oil Prices
In my oil price forecast I suggest oil will head to $42 before ending the year around $65, but first we need to see the crude oil VIX spike. I expect that to take place around the first week of August.
Oil Price Forecast
I recently published a response to an excellent and well thought out presentation (I just happen to disagree) by Prerequisite Capital Management (found here) on discussing their views on oil going to $25.
Let me know what you think?
Let me know what you think?
Oil Price Chart
The chart was originally created by Matthew Frailey of Break Point Trades in his commodity chart newsletter. I added a little to it as it seemed to match with the projections I made based on Elliott Wave Theory, seaonsonal and fundmental analysis (not all discussed or explained) in my Oil Price Forecast.
Wednesday, July 13, 2016
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