Why Oil Prices Might Be Headed Below $60

The video discusses current trends in the oil and gasoline markets, highlighting bearish signals due to seasonal patterns and market sentiment. Walter Zimmermann, a chief technical analyst, provides insights into potential declines in oil and gasoline prices. The discussion also covers equity markets, identifying bearish patterns and recommending protective measures for investors.

What was Walter Zimmermann's prediction for the oil market a month ago?

• Neutral

• Uncertain

• Bullish

• Bearish

What sentiment level was reached for gasoline, indicating a potential decline?

• 50% bulls

• 60% bulls

• 77% bulls

• 90% bulls

What is the average seasonal decline in gasoline according to historical data?

• 35%

• 15%

• 23%

• 30%

What pattern did Zimmermann identify in the equity markets that suggests a bearish outlook?

• Head and shoulders

• Bearish rising wedge

• Bullish flag

• Double top

What strategy does Zimmermann recommend for investors in the current equity market?

• Buy more stocks

• Hold current positions

• Put in protective sell stops

• Ignore market trends