Crude oil is “under water” (Aug. 15, 2022)

As long as it cannot distance itself from the July/August lows, the case for a rebounding Crude Oil is lacking credit. Not only did the commodity show relative weakness compared to (all the) other risky and rebounding assets in the last 2 months, but it is also the first victim of selling in risk-off days.

Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your own risk management decisions.