Crude Oil Prices - Will They Hold Above Key Support Level Or Begin To Unwind?

Chris Vermeulen profile picture
Chris Vermeulen
2.31K Followers

Summary

  • Crude oil prices are an excellent measure of consumer engagement and activity worldwide.
  • While crude oil contracts, alternative energy sources may experience a rising price cycle.
  • The collapse in the financial markets broke consumer expectations and spending habits as demand for commodities collapsed.

Oil Refinery And Pipeline

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Talk of a global recession may prompt a broad decline in crude oil prices as the excesses of the past 10+ years unwind. This unwinding process pushed to the forefront for traders and investors has been prompted by a massive inflationary

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This article was written by

Chris Vermeulen profile picture
2.31K Followers
I am an internationally recognized market technical analyst and trader since 1997. My BAN (Best Asset Now) trading system beats the #SPX by 600%. Through www.TheTechnicalTraders.com/ my mission is to help clients boost their investment performance while reducing risk exposure and portfolio volatility. Through years of research, trading and helping thousands of individual traders and investors around the world I designed an automated algorithmic trading system indicators for the S&P 500 index which solves investor’s biggest problem related to the stock market - the ability to profit in both a rising and falling market. My focus is to educate individuals on how to swing-trade indexes, stocks, ETF's, precious metals, and energy.

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