The Oil Signal That Preceded Major Market Crashes Since 1987 Is Flashing Again
A key oil market metric that has preceded main market collapses since 1987 is closing in on its hazard zone. The crude’s 12-month price of change (ROC) is now sitting at 91%. Analysts recommend that every time this metric breached 100%, a market crash adopted. Five Crashes, One Oil Playbook Analyst and dealer Jack Prandelli…
