‘Crude Oil’ Archive

Crude at a low, King Dollar at a high? Surprise a few investors?

  CLICK ON CHART TO ENLARGE Crude Oil’s decline has been rare in a couple of ways, percentage decline and how quickly it took place. The decline took it down to support that has been in play since the 2009 financial crisis lows. Momentum is now the lowest its been in over 20-years. Could the […]

Gasoline- Biggest 3-day bounce since 2008, looking good!

CLICK ON CHART TO ENLARGE  Gasoline ETF (UGA) has gained 12% in the past 3-days. This is the strongest 3-day rally since 2009 (left chart). The right chart graphs out the different times UGA has had large 3-day bounces since 2008. Full Disclosure…The Power of the Pattern suggested for members to buy UGA last week due […]

“Head & Shoulders Top” suggests 30% decline still possible

  CLICK ON CHART TO ENLARGE The TR Commodity Index has been in a fairly well defined rising channel over the past half century. After a solid rally that lasted around a decade (1972-1983), the index then peaked and fell for the next 20-years.  The index then hit the bottom of the channel back in […]