Oil Might Be The Clue To The Future Of Base Metals

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The decline in oil prices has come to an end….or not?

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At this point, I think we can all agree that no one knows what’s going to happen to oil throughout the balance of 2015. Although prices have stabilized since January, calling for a bottom right now would just be a guess. It would be no more reliable than flipping a coin, especially since it’s in a period of extreme volatility where the psychology of market participants is what determines the price. In the chart, the recent rise is still just a bounce that could fall to succeed.

 

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