Saturday, 2 April 2016

Crude Oil, is now the hour?

Is now the hour to nibble at the falling crude oil price?
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Previous Post:Is it time to get long crude oil?

To answer this question, consider another stock massive sell off. The gold stock Newmont Mining (NYSE:NEM). In the first chart we have seen some 'Change of Behavior', which has yet to be seen in Crude Oil, so unless there is a 'V' bottom in crude, there are many month to go before the retail investor should considers investing into Crude Oil.


NEM


In the chart below, no sign what so ever that shorts are covering with any strength, or demand is punching in at the lows. Sit back an wait! Fundamental article here may interest you.

CRUDE OIL



Original Post: http://ift.tt/1ZUqSzd