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Crude Oil Breaks Lower - Sparking Fears of Another Sub $30 Price Collapse

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Research Highlights….

* Breakdown in Crude Oil sparks talk of sub $30 price targets. 

* Initial support likely near $32 to $33. 
* Predictive Modeling suggests deeper price lows may be 
   reached before November 2020.

Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 suggesting a big breakdown in Crude Oil was going to take place in early 2020 and extreme volatility was likely between February 2020 and April 2020. Our researchers predicted the following within that research article:

“If our ADL predictive modeling is correct, we will see rotation between $47 and $64 over the next 3+ months before a breakdown in price hits in November 2019. This will be followed by two fairly narrow price range months (December 2019 and January 2020) where oil prices will tighten near $45 to $50. After that tightening, we believe an extremely volatile price move will happen in February through April 2020 that could see oil prices trade as low as $22 and as high as $51 over a two to three-month span.”

Then, in early March 2020, we published this follow up article on our Crude Oil predictions. Within that article, we updated our analysis to include the following statement:

“If our research is correct, Crude oil may find a bottom somewhere near $17 to $24, the potential rally back up to somewhere above $37 – 41 ppb before staging another massive selloff. The massive volatility suggested by the ADL system also suggests a broad price range over the next 60+ days.”….Continue Reading Here.

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Source: http://crudeoiltrader.blogspot.com/2020/09/crude-oil-breaks-lower-sparking-fears.html


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