Oil Price Rebound Has Traders Paying AttentionMark Melin
Is the oil rebound real? Oil has been jumping over several near term time horizons, with crude futures up over 1% this afternoon with more than half the U.S. trading day in the rear view mirror today.
It is the longer-term patterns, however, that are more interesting. Particularly on a multi-month basis from the point oil rebounded on February 10, 2016, when crude futures double bottomed near $26 per barrel – one day before the stock market bottomed. But even still, many . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible