Commodity Trade Mantra

Posts Tagged ‘Crude Breakout’

Citi Slams Historic Oil Surge: "Another False Start, Time To Fade The Rally"

Citi’s Ed Morse together with Goldman has been bearish on oil for a good part of the past year, and slammed the crude breakout when he released a report titled “Another False Start…Time to Fade the Rally” whose punchline is that “Citi foresees that WTI and Brent prices should post another fresh leg lower—perhaps making new 2015 lows—before year-end.”

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