MacroVoices #334 Adam Rozencwajg: Understanding the Global Energy Crisis
Macro Voices
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Is Crude Oil Trading Range Bound?
The 200 day moving average on the continuation chart is at 94 spot 27, and that's the level that's pretty much been holding. As you mention, the 200 a contract moving average is actually down just below 90. And we're already trading of a longer term down sloping trend line that's been in place since the sell off began in june. It's not drawn on this chart, but you can kind of visually see it there.
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