How Low Can We Go?

How low can we go? Crude Oil continues downward, as supply reports continue to be above estimates. Most of the news for the past month has been bearish. While demand is up from last year, inventories continue to climb. The market may have finally found some support at the $60 mark, as a close below this number may spark action from OPEC. The market appears to be oversold with a single digit RSI, as large funds continue to unwind losing long positions and speculators add to their short positions. Read More....