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Follow on Google News | QAS Alerts Clients - Intermediate-term outlook for Crude Oil and the Global Energy Sector Improving- This is the first meaningful improvement since the decline began in July 2014. - It appears that an initial low is in place and the profile is now similar to that of January 2009. - We expect several months of volatile action around these lows before a more sustainable move to the upside is possible. Brent Crude Oil: - The profile is similar to that of January 2009 when oil began to bottom. - This is a fragile improvement. It is very possible for oil to test its January lows. Expected range 64 – 45 (now 57.8). Energy Sector: - The MSCI Global, S&P 500, and European Energy Sectors all have similar Weekly profiles and have improved to Stabilizing. - The profiles are similar to December 2008 when the sectors began to bottom. - This is a fragile improvement. It is very possible for the sectors to test their January lows (as they did in March 2009). Expected range for MSCI World Energy Sector is 250 – 210 (now 237). - Stocks within the energy sector with positive rating profiles are now attractive to own. For more information please contact us at 201-432-7900 or visit us on the web at www.qas-service.com End
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