Oil Is Headed Toward A Major Recovery If History Has Taught Us Anything
Business Insider
Almost all the historical evidence is now pointing toward an oil price rally over the next three months. That’s according to data from EidoSearch, a new tool that projects potential changes in financial data based on how previous similar trends have played out. Almost the whole projection, even the potential downside, suggests that oil prices will rise in the three months ahead. The average return after six months like the period we’ve just had is 17.3% over the subsequent three months.