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Message: Crude Oil Shows Weakness: Expecting Below $60 Dip

http://seekingalpha.com/article/220560-crude-oil-shows-weakness-expecting-below-60-dip?source=dashboard_macro-view

conclusion:

Crude oil's inability to trade on its own merits has no doubt helped sustain its higher price level. Crude's high correlation with equities and mounting evidence that equities have begun a new leg down does not bode well or crude oil as risk trades are being unwound. Am I saying that crude oil will never reach $100? No, I'm not. One thing is certain, however, crude will break below $60 first.

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