Garner: Crude Oil Will Hit ‘$50 Range Before All is Said and Done’
Schwab Network · Schwab Network
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Show Notes
Carley Garner puts oil in focus as prices fall below $60. She sees $65 as resistance – “a pretty good ceiling” – and thinks “we’ll work down into the $50 range before all is said and done.” She notes that crude has seen several failed rallies over the last few years. She advises limiting risk in any oil trades, saying there’s significant downside risk.
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