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Brent oil price forecast cut to $68.50/bbl from $78.50 for 2019 – Morgan Stanley

Analysts at Morgan Stanley made downward revision to their Brent oil-price forecast for 2019, with the key highlights found below.

Cut their Brent oil-price forecast to $68.50/bbl from $78.50.

Concede OPEC+ agreement reduced the likelihood of an oversupplied market in H1 2019.

But expect upside will be limited.

Oct 2018 highs unlikely to be seen again in the quarters ahead.

China copper imports dropped for the first in 2018

Copper imports in November fell 3 percent on the year, the first such decline since December, according to Bloomberg. Imports of iron ore also waned
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GBP/JPY Technical Analysis: Triangle breakdown favors the bears

The GBP/JPY pair is on the defensive, having dived out of a symmetrical triangle pattern earlier today and a key rising trendline last week. 4-hour c
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