Crude Oil At A Bottom: 'V', 'U' Or 'L' Shaped Recovery?
Tiho Brkan | May 14, 2015 02:31AM ET
This chart of the day refocuses our attention back to Crude Oil prices. In a recent article, I discussed Oil's crash, extreme oversold levels and recent bottoming attempt.
One of the most important questions investors are asking themselves now is whether the recovery in Oil prices will be V shaped, U shaped or L shaped. Frank Holmes over at US Global Investors analyzed previous Oil recoveries since the 1980s and created an analogue. So far at least, Crude Oil prices seem to be following it.
Chart Of The Day: Frank Holmes analogue of previous Oil recoveries...
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