Oil Price Forecast: 8.56% Average Return in 14 Days

Oil Price Forecast

Recommended Commodities and Positions:

Long:
  • ICE Brent Crude Oil Futures (^BL1)
  • ICE NYMEX Crude Oil Futures (^CL1)
Forecast Length: 14 Days (03/06/15 - 03/20/15)
I Know First Average: 8.56%

oil price forecast

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Oil Forecast For 2015 Based On A Predictive Algorithm

Summary

  • It's time for a full review of oil market performance in 2014.download
  • What are the consequences of oil price decline?
  • What do analysts expect for the oil market in 2015?
  • I Know First algorithm predicts a bullish forecast for oil in a one-year time horizon.
After almost five years of stability, oil (NYSEARCA:USO) prices have dropped considerably. Since June 2014, when it was at $115 per barrel, the price of oil fell by more than 50%. Today, it is below $50 per barrel.
In 2015, the algorithm is expecting a very volatile oil market for the one- and three-month time horizon. Yet, the algorithm is bullish for the one-year time horizon.

Read the full article on Seeking Alpha