Energy Futures Continue To Melt-Down
Market TalkFri, Nov 02, 2018
Brief & delayed update today due to our company’s annual meeting. Energy futures continue to melt-down after the US granted waivers on its sanctions against Iran. We’ve fallen so far so fast that we’re due for a corrective bounce sometime soon (and a Friday afternoon is often a good time to see some mean-reversion trading) but longer term the charts point to $60 for WTI which would likely mean another dime taken off of product prices.
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