With commodity watchers concerned about the fate of Texas’ oil refineries after Hurricane Harvey, CNBC’s Jim Cramer wanted to nail down the condition of oil itself.
So the “Mad Money” host went off the charts with technician Carley Garner, the co-founder of DeCarley Trading and Cramer’s colleague at RealMoney.com with a nearly spotless track record on calling oil’s moves.
“The trouble with the oil market right now, in Garner’s view, is that the buyers all feel like eternal optimists and they won’t let multiple failed rallies stand in the way of their conviction,” Cramer said.
