In January 2015, WTI crude oil futures broke below its long-term trendline that dated back to the 1998 low of $10.65 per barrel after an eight-month sell-off that took crude from above $100 per barrel to below $50. On the last trading day of January 2015, crude oil rallied close to $3 in the last hour of trading to settle above that long-term trendline. We made a note of it at the time, which seemed to confirm the importance of this level.
- Next story Winning Stock Picks from the Top 5 Industries with the Biggest Job Growth
- Previous story Daily afternoon look at gold, Treasuries, crude & more
AAT BABA,BAX,OTCPK:NSRGY Banks Bitcoin Blockchain Blog Buy Gold CBRL China crisis Cryptocurriency Currency Debt DOLLAR Economy EGO European Union FB GE,PRGO,APC,DXC,WBA,ADI,WPM GLO,MSD,HTZ,THC,AKS,AVP,SM Gold goldcoin gold coin Gold coins Gold Price Gold Trend Analysis hard money HP inflation Investment KRNT,TRIL,TUES,SYRS,MRAM,MVIS,IOTS LSE:ACA Money News NOMD NXPI,DVMT,SINA,RYAAY,WFT,GOGO,AABA NXPI,ESES,AAP,HK,GST,CFCO,UPL ORCL,AMZN,MSFT,IBM Quantitative easing savings SPY,DJI,QQQ Uncategorized United Kingdom USA VIAV,MMYT,KHC,EPC,TWX,BABA,AABA