Let’s make some noise for the 11th hour party people. Bipartisan talks between US President Biden and House Republicans over the debt ceiling crisis have finally come to a resolution. Well, in theory at least since there is the small matter of Congress having to vote on it later this week. US lawmakers might balk at the idea that this is an 11th hour deal since...
Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement?
Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart.
How much lower can the price go? Can it reach the lows of 1999?
My answer is: why not?...