FYI: After crashing from mid-2014 through early 2015, oil and oil stocks finally stopped going down and really formed a nice base over the last few months. Over the last few weeks, however, we’ve seen prices in this area of the market plummet once again. Oil is down 8%+ today for its biggest one-day decline since early February. As shown in the chart below, the commodity (black line) has now given up a significant chunk of its second quarter rally off of its lows.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/oil-oil-stocks-on-the-verge-of-a-breakdown/
