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File: Indicator in focus: overconfidence, oil market

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04.08.15
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Investors in the oil market view the downtrend to continue

Since early May, oil prices have come under pressure again. Meanwhile, the lows from the beginning of the year have been reached again. This has not only pushed the sentiment to a bearish extreme but now also means that investors tend to extrapolate the negative trend. The sentix Overconfidence Index indicates this. This could support the oil prices in the short term.

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