Crude Oil Prices Get Taken Out Behind The Woodshed

David Frost // Market Outlook


November 30  

The big story of the Day on Friday was the fact that OPEC did nothing and the price of crude oil fell precipitately.

Mainly the market was quiet, except for the untold story of the Russell 2000 Index.  Down over 1.5% for the day is normally an indicator of what is to come.

Subscribers know that we’ve been expecting a market correction beginning early December and lasting for around 7 to 9 trading days.  Now is the time and we’ll see how that develops.

The Gold market pulled back and may go further on the heals of the failed Swiss Referendum to build its reserves to head back to a gold standard.  This vote took place today, Sunday November 30, 2014.

The remainder of the analysis is found in the video below.

About the Author

Trading and investing in markets is second nature to some, but a mystery to others. The goal is to provide a forum where everyday people aspiring to be part time or full time traders will learn how view markets differently and profit beyond their wildest dreams.

David Frost