Dennis Slothower | TalkMarkets | Page 2
President at Alpine Capital Management, LLC.

Dennis Slothower is a veteran financial analyst, widely read author, popular speaker, and the editor of Stealth Stocks. Dennis is consistently ranked as one of the top investment advisors by many different ...more

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Is This The Bottom For Crude Oil?
Crude oil prices were challenged hard today when the on-again/off-again production freeze from Saudi Arabia, Russia and a coalition of OPEC countries was dismissed by Saudi Oil Minister Ali al-Naimi.
Crude Oil Breaks Out To Upside
Crude oil for March delivery surged up $1.84 to $31.58 a barrel after ending last week up $0.20 or 0.7 percent at $29.64 a barrel. The more actively traded April futures jumped $1.64 to $33.39 a barrel.
“W” Bottom Pattern
Since the mid-January lows the broad market has created a “W” bottom trading pattern that suggests a good chance of prices continuing to favor the upside on a short-term basis, in spite of being firmly locked in a longer-term bearish trend.
Is This A Bear Market Rally?
In technical terms, especially in bear markets, the 50-day moving average is descending well below the 200-day moving average. And right now, we have a confirmed bear market until proven otherwise.
Janet Yellen And Crude Oil
All ears will be on Yellen as this certainly sounds like the Fed is acknowledging the economy is now in trouble, with rate cuts off the table and efforts to undercut the US dollar, boost crude oil prices and the stock market to follow.
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