The FRED Report

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The Fred Report - Weekly June 12, 2017

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Our forecast remains for a strong second half, but many indicators are suggesting a weaker than expected end to June.  Oil has been a bit weaker than we expected but is still in a bottoming area. Stochastics are oversold, and if they can turn up we should see a sharp rally in this commodity.  DBC is trading right near support, oversold and on a trading buy signal.



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