Crude: Respect This Commodity Failure

For the 137th time in the past seven months, people are running around buying oil, thinking it has bottomed. Good luck with that.

For the 137th time in the past seven months, people are running around buying oil, thinking it has bottomed. Good luck with that. Be wary; here’s the intraday chart, with an important failure point that took place in the wee hours of the morning:

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