Bullish Case: Rising geopolitical tensions could restrict supply, driving up crude prices. Historical trends show recovery potential in BNO prices. Current market sentiment underestimates these bullish factors.


Bearish Case: Increased renewable energy adoption and potential recession could reduce oil demand. High production levels from major producers might continue, suppressing prices further.


Potential Outcomes:

1. Geopolitical tension increases: 25% probability, leading to a short spike in prices.

2. Economic slowdown: 35% probability, causing prolonged low prices.

3. Stable market conditions: 40% probability, minor price adjustments.


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April 19, 2024


United States Commodity Funds LLC - United States Brent Crude Oil Forecast

BNO        United States Commodity Funds LLC - United States Brent Crude Oil
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with BNO



USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.99)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.97)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.97)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to BNO



LQDA Forecast + Options Trading Strategies   LQDA  Liquidia (-0.0)


DPST Forecast + Options Trading Strategies   DPST  Direxion Daily Regional Banks Bull 3X Shares (-0.0)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (0.0)


DIS Forecast + Options Trading Strategies   DIS  Walt Disney (-0.0)


XYL Forecast + Options Trading Strategies   XYL  Xylem (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BNO



ADC Forecast + Options Trading Strategies   ADC  Agree Realty (-0.82)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.83)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.84)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.92)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.93)


BNO News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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