Commodity Trade Mantra

Posts Tagged ‘Price of Gold and Oil’

Is Crude Oil Close To A Tradable Bottom?

By all accounts, the world is awash with oil. Despite the downward pressure on oil, the devil’s advocate wonders: could oil be setting up a tradable bottom? By tradable bottom I mean a level from which oil might bounce. For example, oil reversed from the low $40s earlier in 2015 and climbed to about $60 before resuming its downtrend.

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