WTI Crude Oil Technical Analysis on Mad Money with Jim Cramer
Jim Cramer's "Off the Charts" segment on CNBC's Mad Money used DeCarley Commodity Broker Carley Garner's WTI oil analysis on the July 7th show!
"Garner believes that if oil breaks below $50.50, it will easily fall to $41.40 a barrel. And if that level fails, then a quick drop to the mid-to-low $30s could be possible. She doesn't expect oil to fall that low, but she did suggest that if you are going to bet on oil here, you need to be prepared for it. The good news is that ultimately Garner sees the price of oil recovering significantly to $70 or even $85 over the next 10 to 12 months. However, investors are likely to experience short-term pain before that happens."
~ Jim Cramer
DeCarley Trading works hard to provide clients with quality insight into the markets. One of our recent issues of the DeCarley Perspective was featured on CNBC's Mad Money on July 7th. The DeCarley Perspective is a publication distributed exclusively to DeCarley's commodity brokerage clients. If you are interested in being part of the loop, open a trading account today!