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That time of the month—Analysts over-interpret cyclical oil price patterns
John Kemp recommends not get too taken in by the monthly fluctuations oil prices. He suggests another way to read the signs.
August 18, 2011 11:13 by Reuters
…the macro data falls silent, leaving participants free to concentrate on the micro supply-demand picture and positive sentiment at the back end.
Perhaps investors should trade the macro view in the first 14 trading days when the major releases come out, then micro fundamentals for the final seven when the macroeconomic influences are lower and the predominantly bullish fund community is focused on month-end performance valuations.
John Kemp is a Reuters market analyst. The views expressed are his own. (Editing by Anthony Barker)
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