Crude’s Channel As Inventory Report Looms
Tim Knight | Apr 27, 2016 08:56AM ET
There’s an interesting piece this morning in ZeroHedge about famed CNBC commentator Gartman and the fact that, after two months, he’s finally gone bullish on oil. I wanted to mark the points where the man said oil would not reach $44 again in his lifetime (green tint) and his declaration today (magenta tint) that he changed, just like “Lord Keynes” (which, I suppose, is supposed to make one look less daft, since Keynes was a Lord and all). Anyway, particularly with the weekly inventory report looming this morning, here’s the channel:
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