A few weeks ago everyone was talking about the death of oil with one infamous pundit possibly referring to his own death. How much sentiment for oil prices has changed in a few weeks… With oil moving to $40 per barrel and holding – much of the move being attributed to technical factors – has an important mid-term bottom put in? Were those sometimes loud predictions that touted $30 and even $20 per barrel oil wrong? Or is a production freeze agreed to by OPEC and Russia doomed to fail? Those fundamentalists currently deriding the jump in oil prices as a…
Fundamentalists Talk Down Oil Prices, As Technical Analysts See A Sustained Move
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.