Jim Cramer broke down fresh chart analysis from DeCarley Trading’s Carley Garner.
CNBC's Jim Cramer on Wednesday said that oil could rally in the short term, but it's unlikely to last.
"The charts, as interpreted by Carley Garner, suggest that oil could be due for a short-term bounce, but over the next few months she ultimately sees it headed lower — possibly much lower," the"Mad Money" host said. CNBC's Jim Cramer on Wednesday said that oil could rally in the short term, but it's unlikely to last.
"The charts, as interpreted by Carley Garner, suggest that oil could be due for a short-term bounce, but over the next few months she ultimately sees it headed lower — possibly much lower. That's exactly what the [Federal Reserve] needs to see [to tamp down inflation]," the"
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