Today's chart of the day focuses on the long term price and performance of Crude Oil. The crash that started in June of 2014 finally turned into a crescendo in January of this year. Crude Oil has most likely found a bottom on a long term support line, as it became incredibly oversold.
However, the question now is what will the recovery look like? Most market experts are on record saying that $100 per barrel will not be seen again. What do you think? A V shaped recovery, U shaped recovery or an L shaped bear market?
Chart Of The Day: Brent Crude Oil price has most likely bottomed out!
Source: Short Side of Long