Crude Oil and the 200-DMA

Crude oil has traded below its 200-day moving average for more than 18 months. That’s a pretty amazing streak. It’s come close to breaking the line, but has failed each time. It happened again last week.


OPEC meets again in April to discuss production cuts. So far, the cartel has announced plans for further meetings to plan more discussions for further possible plans to maybe discuss production cuts. I expect more of the same.

Posted by on March 29th, 2016 at 11:28 am

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