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Keith McCullough: Oil declines further after breaking immediate-term trade level

Keith McCullough: Oil declines further after breaking immediate-term trade level
Oil falls after trade level break

Oil prices fell by another 1 percent after breaking Hedgeye's immediate-term trade level. Keith McCullough, founder and CEO of Hedgeye Risk Management, reported the decline.

McCullough has recently reported steep declines across other markets. He noted a 3.6 percent overnight drop in the Indonesia stock market, totaling a 22.4 percent loss over the last month. In a separate update, he highlighted that the KOSPI index fell 3.7 percent overnight and is down 39.1 percent from its peak.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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