Crude Prices Surge After Saudi Attacks What’s Next for Oil. Todd Horwitz, RT Boom Bust.

 

Chief Strategist Todd Horwitz of Bubba Trading drills into oil prices.

This formation isn’t bullish by any means. It doesn’t mean it can’t change but there is still a glut of oil and a global slow-down in the economy throughout the world…

It’s an overreaction by investors and people who got caught short that were forced to panic and cover higher.

OPEC is nothing but a phony organisation that manipulated the price and for years held the USA hostage with the oil price.

Financial Markets and Political Commentary
 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.