OIL TO RISE ABOVE $82 PREDICTS SWISS-BASED HEDGE FUND
Insch Capital Management, a Lugano-based alternative investment manager, has formally predicted that Brent Crude Oil will trade above $82 per barrel by February 2016. The prediction forms the conclusion of the June 2015 Insch Oil Report and is based on the analysis of a series of technical, chart-based and fundamental indicators such as Relative Strength Index, Moving Average, Fundamental Analysis of Oil Supply & Demand, and data on the speed and strength of recovery from price lows over the period 1986-present.
Among other portfolios, Insch Capital is the manager of the Insch Black Gold Fund (winner of the 'Commodity Deal of the Year Award' for 2013), a secured investment derived from oil revenues from Canadian oil properties. The Fund is structured to provide an annual return of 9.6% (paid quarterly) with additional returns in favourable market conditions.
The manager said, "We have a number of properties that we are currently considering addint to our portfolio [as a result of our price analysis]. If completed, these acquisitions will substantially increase not only our operating rig count but also our proven reserve. In turn this increase our interest coverage ratio."
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