It sounded crazy at the time.
In mid-November, when crude was trading at $41 per barrel, technical analyst Todd Gordon predicted that the continuation of oil’s decline would take the commodity all the way down to $26.
And that is precisely what happened. On Thursday, Feb. 11, oil traded as low as $26.05 — a level it has since bounced off of powerfully.
Find out what he has to say next on this video!
Original Link: http://www.cnbc.com/2016/02/18/trader-who-called-for-26-oil-now-predicts-this.html
Originally Aired: Friday, 19 Feb 2016 | 6:00 AM ET