Is now the hour to nibble at the falling crude oil price? To answer this question, consider another stock massive sell off, the gold stock Newmont Mining (NYSE:NEM). In the first chart we have seen some ‘change of behavior’, which has yet to be seen in Crude Oil, so unless there is a ‘V’ bottom in crude, there are many months to go before the retail investor should consider investing in Crude Oil.
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In the chart below, there is no sign whatever that shorts are covering with any strength, or demand is punching in at the lows. Sit back and wait! This fundamental article here may interest you.
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