The $60 pivot price in crude oil has a great deal of support

June 22, 2015

Exactly one year ago crude oil was trading at over $107 per barrel, then the floor fell out from below. It has been a wild ride in crude oil over the past year. In my latest article for Seeking Alpha I review the action of the past twelve months and explain why market structure today supports a $60 pivot price for active month NYMEX crude oil and why any shocks to price will likely come to the upside from here.

Article: The $60 pivot price in crude oil has a great deal of support

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