‘Crude Oil’ Archive

Crude Oil- Hits two 25-year support lines and is breaking out!

I was very blessed and lucky to be influenced by Sir John Templeton, a couple of decades ago. Sir John shared that other than the bible, the book below was the most important book he had ever read.

populardelusionsbook

CLICK ON CHART TO ENLARGE

Two months ago in our Sector/Commodities Sentiment extremes report, we addressed …

Should you sell in May? What happens here could tell you!

 

nyse crude oil one year trend resistance april 25

CLICK ON CHART TO ENLARGE

A popular theme has been to “Sell In May, and Go Away!” Following this idea paid off last year, will it again this year?

Historically, stock market performance hasn’t been the strongest from May to October and last year was no exception. The above chart looks at Crude Oil …

Crude Oil- Testing key support after bearish pattern last week!

crude oil testing key support april 18

CLICK ON CHART TO ENLARGE

Crude Oil and the S&P 500 have had a high degree of correlation over the past 15-months. Once Crude started heading lower in late 2014, the broad markets struggled to move higher.

Crude Oil hit falling channel support in January of this year and rallied. The broad market stopped falling …