Oil Market – You Won’t Get a Clearer Warning Than This One

Technical analyst Clive Maund charts changes that portend a “brutal decline” in both the oil and precious metals markets. This quick update on oil is to point out that the latest oil COTs and Hedgers positions were at frightening extremes, as oil has struggled and failed, thus far, to break higher. This is viewed as meaning trouble—BIG TROUBLE—for the oil market, where we could see a precipitous drop as in 2014.
The Market Oracle

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