Is Brent Oil At an Inflection Point?

My intermediate-term work on Brent Crude Oil (BNO) increasingly is warning me that the price structure is nearing, or is at a potentially consequential inflection point ahead of a powerful directional thrust.

Right now, the prospect of stronger global growth, fine-tuned OPEC supply management (Libya, Nigeria, Venezuela, etc under-production), and potential supply disruptions from the Middle East-Iraq, Iran, and civil war (conflict intensification) in Syria, Irag, Lebanon, etc., all combine to produce an "explosive" situation for Crude Oil.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!