Oil Price Rebound Has Traders Paying Attention – ValueWalk Premium
Oil rebound

Oil Price Rebound Has Traders Paying Attention

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 . . .


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