August 31, 2015
Last week started ugly for crude oil as it made new multi-year lows but it finished the week with a technical signal that is extremely positive for future price prospects. Meanwhile, fundamentals remain bearish so there is a divergence between fundamentals and technical factors in the world of crude oil. In my latest article for Seeking Alpha I look at the prospects for crude oil, opine on whether last Monday’s price was a low and what effect the price of crude oil will have on the U.S. stock market.
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