Is the Santa Rally Off?
Real Vision: Finance & Investing
00:00
Energy About Oil - What Are You Looking For?
Felix: What are you looking for as we turn the year because, you know, we saw the big commodity move and then we saw energy. We saw oil, at least come off, I think 30% from six months ago from that early summer peak. And with this downdraft you're getting close to an oversold condition, probably about three months away from any kind of major, a mark signal indicating a turnaround. He says there is good long term support following several months of downside essentially for crude oil prices.
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