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Is the Crude Collapse Over?

by Archer Financial Services | Nov 07, 2018
By Blake Robben
To learn more about Blake, click here

The world’s most consumed commodity, crude oil, is down 18% in the last twenty three trading days mainly due to record Russian and Saudi production. Also, OPEC countries appear to be over producing their quota as well.  When will the carnage end? By some measures the decline has become overdone. Let’s look at the charts to spot high probability set-ups

January 19 Crude Oil Futures - Daily

Crude Oil Gann Angles

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Phone: 312.242.7990 
Email: Blake.Robben@archerfinancials.com


Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The risk of loss in trading futures and options can be substantial. Past results are not indicative of future results or performance. The views and opinions expressed in this letter are those of the author and do not reflect the views of ADM Investor Services, Inc. or its staff. Research analyst does not currently maintain positions in the commodities specified within this report. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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