Oil Blow-Off Phase, Sanctions & Shortages Video

Chris Vermeulen from The Technical Traders sits down with Jim Goddard on HoweStreet.com to discuss oil, natural gas, gasoline, and precious metals’ latest moves. Oil had a blow-off phase as we saw the price jump from about $90 a barrel up to almost about $130 a barrel. Such big moves can do damage to the charts or price. Though we are seeing a lot of heavy volumes and big selling going on in oil, there’s still a downside potential in crude.

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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.