Recently, we posted a multi-part research post suggesting a collapse in Crude Oil could be setting up and how we believe this decline in energy prices may lead to a broader market collapse in the near future. Crude oil fell more than 3% on November 19 in what appears to be a major price reversal. On November 20, inventory levels and other key economic data will be presented – could the price of oil collapse even further over the next 60+ days?
Here is a link to our most recent multi-part article about Crude Oil from November 13 (just a week ago): https://www.thetechnicaltraders.com/what-happens-to-the-global-economy-if-oil-collapses-below-40-part-i/
Our original research chart from July 2019
Our original research post, from July 2019, included this chart showing our Adaptive Dynamic Learning (ADL) price modeling system and where it believed the price of oil would go in the future. This chart highlights expected price ranges and directions all the way into April 2020 with a low price level near $25 somewhere between February and April 2020. Is Oil really going to reach a low price near $25 ppb in the near future?