NatGas/USD

WTI crude oil has formed higher lows and slightly higher highs inside a rising wedge pattern, but it looks like a bearish break is already taking place. If that’s the case, the commodity price could tumble by the same height as the chart formation, which spans $68 per barrel to around $75 per barrel. Technical indicators are looking mixed for now. The 100 ...

This year's slide in oil has been painful to commodity bulls, and none more so than famed oil hedge fund manager Pierre Andurand whose already bad year is getting worse. Bloomberg reports that after dropping another 9.4% in May, his main Andurand Commodities Discretionary Enhanced Fund has extended this year’s slump to almost 46%, making this the worst-ever ...