Bank of America bullish crude oil over the next month ...Middle East

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Bank of America bullish crude oil over the next month
source : forex live ( Middle East ) () 47
Bank of America are bullish crude over the next month futures contract roll:overweight Brent, gasoline, gasoil over a one-month horizonCite OPEC withholding outputacknowledge mile surplus in global supplythe risk os US hard landing has recededstill concerns over Chinese demandOver 3 - 6 months BoA see weakening of global institutions (an upside risk for gold and previous metals)Fed rate cutspotential Middle East escalationaggressive fiscal and monetary stimulus in China This article was written by Eamonn Sheridan at www.forexlive.com.

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