Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse
zerohedge.com / by Tyler Durden / Jun 13, 2017 3:00 PM
or the first time since September 2014, after which oil prices collapsed almost 75%, Brent and WTI Crude futures both just flashed a ‘death cross’ signal as the 50-day moving-average crossed below the 200-day moving-average.
The crossover is typically seen a loss of short-term momentum and last occurred in the second half of 2014, when prices collapsed due to oversupply amid surging U.S. shale oil production.
The post Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/06/13/oil-prices-suffer-first-death-cross-since-2014-collapse/
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