Reuters - DoubleLine's Gundlach: Technicals call for a short-term bottom in oil

DoubleLine's Gundlach: Technicals call for a short-term bottom in oil prices

{http://www.reuters.com/article/us-doubleline-gundlach-idUSKCN0UQ26O20160112}

Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital and was prescient in his call for lower oil prices last year, said oil has hit a short-term bottom on Tuesday.

As oil prices per barrel flirt with the $30-mark, Gundlach told Reuters: "Fundamentals are lousy but the technicals call for a short term bottom today."