MacroVoices #385 Dr. Anas Alhajji: 2024 Energy Markets Outlook & More
Macro Voices
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The Bear Market Decline in Oil
Crude oil peaked out in June of last year and we've been in more or less a one year bear market in oil. The 200 day moving average is trading at $77 at a level we were just that last week. A retest of all time highs above 4800 on the S&P is now far more than 50% likely.
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