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Previously we told you how the professional traders' forecasts had risen from high end concerns of $85 a barrel in the first half of 2007 before the eastern Mediterranean war started, to $90 a barrel and approaching $95 in the last half of that year, afterwards.
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Traders forecast that the renminbi would keep appreciating in 2012, as China faces pressure from the United States to do more to rebalance bilateral and world trade, while it continues to record trade surpluses.
He said: "The pressure is rising on China to devalue, which would support China's equity [markets]." Prices of most commodities have tumbled on world markets over the past six months as traders forecast declining sales in China.
Losing some $10 million on the trades instead of the $20 million in profit its traders forecast.
Last week, Scottish motor traders forecast that 2013 could be the best year for new car sales since 2007, while the Ernst & Young Scottish Item Club recently revised upwards its prediction for growth in the Scottish economy this year by 0.1% to 0.8%.
These block traders forecast a few big oil stocks to have continuing accumulation by their big fund clients, and thus more favorable price trends, ones that can demonstrate volume growth.
But its history of reliable price performance in conjunction with block trader forecasts puts it in the top 1% of all our ranked stocks.
The number 87 just above the words CBOE OIL in the title at the bottom of the chart indicates that the OIX as an investment itself currently ranks better than 87% of the more than 2,300 stocks, American Depositary Receipts, exchange-traded funds and indexes for which there are block trader forecasts.
Trader Forecast: Fiber Optics' Blurry View.
The Vanguard Small-Cap VIPER (amex: VB) boasts a block trader forecast of +9% upside, and no (+1%) "downside".
Daily Markets Coverage: Keep ahead of the market with our morning Trader Forecast and the after-the-bell Trader Wrap Up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com