Crude oil continues to be a big mover as the supply glut has really pushed global capacity to its limits. Dozens of full tanker ships are anchored off the California and Singapore coastlines waiting for demand to pick up. As long as the virus shutdown persists globally, the supply gut will continue to wreak havoc on oil price levels into summer. As of early Monday morning, is lower by 17% to $14.10 as I type.
What most readers don’t fully grasp is just how accurate our long-term predictions truly are, and it’s why we link to past research posts that clearly prove our analysis can be deadly accurate.
You may remember our incredible research post from July 2019, which suggested crude oil would collapse in early 2020 calling out a potential $14 price target.
You may also like to review our warning from January 2019 related to oil and energy. We also predicted the gold bullion breakout and bull market to happen last year in April, May or June, which is it, and we called that six…