Silver as an investment

Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse

zerohedge.com / by Tyler Durden / Jun 13, 2017 3:00 PM

or the first time since September 2014, after which oil prices collapsed almost 75%, Brent and WTI Crude futures both just flashed a ‘death cross’ signal as the 50-day moving-average crossed below the 200-day moving-average.

The crossover is typically seen a loss of short-term momentum and last occurred in the second half of 2014, when prices collapsed due to oversupply amid surging U.S. shale oil production.

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