The FRED Report

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The Fred Report - Weekly June 18, 2018

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Is this “it” for oil? We do not think so – as the seasonal strength in oil does not end until August. We are looking for another buy point for oil that should give us a rally at least until end of July. The daily TYX stochastic looks to recycle again, probably by July – and the next surge in these prices should push through 32.50 and see a rise of rates.

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