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Red Bull and Vodka Economy (guest: Harris Kupperman ‘Kuppy’)

The Market Huddle

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The Future of Oil

It looks like it's about, no. Well, I had a really strong bull run in 2021 into the start of 2022. And then since then, it's been just in a big horizontal consolidation. When you take it thick enough crayon on either top and bottom trend lines, it does look like a little triangle. That's a pattern that technicians do watch. But it's only significant when it breaks out. The longer oil stays at $75, the more likely someone is going to get wounded and need a takeout.

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