{"id":60227,"date":"2012-07-10T10:12:30","date_gmt":"2012-07-10T00:12:30","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/07\/10\/crude-oil-fat-lady-aint-singing-yet\/"},"modified":"2012-07-10T10:12:30","modified_gmt":"2012-07-10T00:12:30","slug":"crude-oil-fat-lady-aint-singing-yet","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/07\/10\/crude-oil-fat-lady-aint-singing-yet\/","title":{"rendered":"Crude Oil: Fat Lady Aint Singing Yet"},"content":{"rendered":"<p>\n\tBy Rudi <span class=\"scayt-misspell\">Filapek-Vandyck<\/span><\/p>\n<p>\n\tAs reported previously, technical market analysts at Barclays in London are not positively minded about the price outlook for crude oil and industrial metals, and that&#039;s putting it mildly.<\/p>\n<p>\n\tTheir latest market update suggests the Brent futures market this month is similar to pivotal turning points in years past when price falls of up to 63% subsequently followed. Not that the team is anticipating another quarter of Armageddon for crude oil enthusiasts, but nevertheless, the underlying message remains that weaker prices seem more logical than a renewed uptrend, at least from a pure technical point of view.<\/p>\n<p>\n\tThe chartists are at this stage targeting US$90\/<span class=\"scayt-misspell\">bbl<\/span> for Brent and US$77.50\/<span class=\"scayt-misspell\">bbl<\/span> for <span class=\"scayt-misspell\">WTI<\/span>.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Brent_Oil_Bearish_July2012.jpg\" style=\"width: 670px;height: 336px\" \/><\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span><em>, we <span><span class=\"scayt-misspell\">apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span class=\"scayt-misspell\">FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chartists at Barclays maintain of the view that crude oil prices should weaken in the weeks ahead.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60227"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60227"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60227\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}