The last time this pattern was recognized was February 25th, 2020, which was followed by a plunge of 77 percent over the ensuing two-month period. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author) This week, one of Rigzone’s regular market watchers takes a look at the signal of a so called death cross pattern in the oil futures market, what oil traders are focusing on, natural gas market trends and more. Read on for more detail. Rigzone: What were some market expectations that actually occurred during the past week – and which expectations did not? Tom Seng, Director – School of Energy Economics, Policy and Commerce, University of Tulsa’s Collins College of Business: Crude oil hit eight-month lows this week on several bearish factors during the U.S. holiday-shortened trading week. And, […]