Today, I sat down with Jim Goddard on HoweStreet.com to discuss oil, natural gas, gasoline, and precious metals’ latest moves, notes technical specialist Chris Vermeulen, editor of The Technical Traders.
Crude Oil (CL=F) had a blow-off phase as we saw the price jump from about $90 a barrel up to almost about $130 a barrel. Such big moves can do damage to the charts or price. Though we are seeing a lot of heavy volumes and big selling going on in oil, there’s still a downside potential in crude.
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