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MacroVoices #310 Alex Gurevich: The Trades of March 2020

Macro Voices

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Oil Market Pullbacks - Will We Get Back to 92, 93?

Since our last episode, we not only had a rip higher in crude oil, but we equally had this two, three days oil pullback that got got about a three dollar pullback going the other way. This is the type of a pull back that would normally start one of those. And so be really interesting to see whether we get a breakout over the next couple trading sessions. But even though it's not drawn on this chart, just look at that igh in july, mentally draw a line from there through the high in late october and you see that we're just about touching.

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