Oil Could Decline to December Lows, Strategas' Sohn Says

The video discusses the current trends in the crude oil and gold markets. Analysts note a bearish trend in crude oil, with potential for further decline, referencing historical patterns and momentum indicators. In contrast, gold is highlighted as a strong performer, with potential for a major breakout, outperforming other commodities. The discussion includes technical analysis and market conditions affecting these commodities.

What is the current outlook on the crude oil market according to the analysis?

• Bullish with potential for new highs

• Bearish with potential for further decline

• Stable with no significant changes expected

• Volatile with unpredictable movements

What historical period is referenced to draw parallels with the current crude oil market?

• 2008 to 2010

• 2014 to 2016

• 2010 to 2012

• 2016 to 2018

Which commodity is highlighted as a strong performer compared to crude oil?

• Silver

• Gold

• Copper

• Natural Gas

What technical level is considered crucial for a potential breakout in the gold market?

• 1250

• 1300

• 1375

• 1400

What technical pattern is mentioned as a potential indicator for a major move in gold?

• Ascending triangle

• Inverted head and shoulders

• Double top

• Cup and handle