Oil at $78.50 isn’t an outrageous call anymore - FuturesTechs

Anyone who still doubts the world is heading towards an inflation need to listen to this segment.

Even the technicals seem to be in line with the broader market consensus - world is heading towards inflation/reflation.

Clive Lambert, Director at FuturesTechs indicates a possibility of Brent oil rallying to $78.50 this year. His argument is backed by solid rationale - inverse head and shoulder breakout target.

Also discussed in this segment is the technical view on gold, GBP/USD and USD/JPY.

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