Recession Alert: WTI Trendline Breakdown Mirrors Previous Crashe
The WTI trendline is exhibiting a parallel to past crude oil price crashes, specifically the 2014 oversupply crisis driven by booming US Shale production and the 2020 COVID-19 pandemic. Given this historical similarity, a critical question arises: is the current trendline breakdown a warning sign of an impending recession?
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