The path of least resistance is higher in the view of Rabobank analysts, as the herd of systematic funds begin accumulating a “long” oil position and risk parity funds increase position sizing in 2020. Key Quotes: “Looking forward we see the path of least resistance for oil markets as higher given that we expect the herd of systematic funds to begin accumulating significant oil length in the months ahead. The forward “carry” signal remains strongly “bullish” and momentum and trend signals are in the process of moving from “short” to “long.” Seasonal algorithms will then flip from “short” to “long” early in 2020 providing a another wave of speculative buying.” “We also expect position sizing from the “Managed Money” crowd to grow larger in 2020 as the oil market shifts into a higher price and lower volatility regime. Our base case remains for Brent to trade in the low 70s in 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: BoE shift and political uncertainty ahead of election to weigh on the pound – MUFG FX Street 3 years The path of least resistance is higher in the view of Rabobank analysts, as the herd of systematic funds begin accumulating a "long" oil position and risk parity funds increase position sizing in 2020. Key Quotes: "Looking forward we see the path of least resistance for oil markets as higher given that we expect the herd of systematic funds to begin accumulating significant oil length in the months ahead. The forward "carry" signal remains strongly "bullish" and momentum and trend signals are in the process of moving from "short" to "long." Seasonal algorithms will then flip from "short" to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
