Crude broke the $50 level this week, following virtually no support over the past several week. Peter Amandio of Chicago Energies tells TheStreet’s Jill Malandrino that nothing has changed fundamentally, but crude definitely changed technically on the daily chart on Tuesday, which is something we have not seen since September. The issue, Amandio explains, is you can’t tell what direction crude will move from here, whether to the up or downside and that is where the volatility is coming from right now. Amandio says that until something changes fundamentally with the crude story, more than likely it still has a move lower.
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