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Crude Oil - the bearish outlook remains
Crude oil declined quite substantially this week, and it doesn't look that the decline will be over just yet. After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breather right now after declining several dollars. But, that doesn't mean that any sizeable rebound is going to happen. As a matter of fact, based on how crude oil behaved before the decline, we believe that it's going to slide even ... (full story)