MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
Macro Voices
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The Primary Trade Range Consolidation of Crude Oil Continues
The primary trade range consolidation of crude is certainly occurring at the bottom end of its ranges and below all of its averages. It's really on the other side of a recession where my scenario or my hypothesis comes into play saying I don't think that we can recover completely from that recession. Patrick, this 4000 level has been very, very key over the past few weeks. And it is the highest open interest for option expiration for March 17th next Friday's monthly off X.
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