August 10, 2015
The action in crude oil is overwhelmingly negative right now and the whole world is bearish looking for new lower levels. Many believe that the price will drop below $40 while others are making a case for prices below $30 per barrel. In my latest article for Seeking Alpha I provide four reasons why the price of this energy commodity will not trade much below the $40 level. Crude oil could be one of the best contrarian opportunities of the year at the current price level.
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