July 27, 2015
The price of oil has dropped at $16 since making highs in May. The bears have come back from hibernation and are now calling for prices below $40 per barrel. In my latest piece for Seeking Alpha I look at market structure in crude oil and explain why the price is currently falling and why some bullish bright spots in the market could prevent it from breaching the March lows.
Article: Oil – Bearish Sentiment Grows and it is flawed
Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities.