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Outlook 2024: Is gold poised to reclaim its all-time high in 2024? ×

A fundamentals based case for Oil

Mercury

By Mercury,
in Commodities

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Mercury Esteemed Contributor

Mercury

Posted
Posted

Check out the article below, which seems to suggest oil will go sideways but if it does break out of the consolidation phase it is in that this will be to the downside.  My technical analysis favours a final leg up before this downside break but sideways consolidation for some time is very possible.

 

http://davidstockmanscontracorner.com/crude-oil-fundamentals-heading-south-again-demand-weakening-supply-rising/

 

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