‘Crude Oil’ Archive

Broad market might want/need Crude Oil to breakout here!

Crude Oil and the broad market has been fairly correlated over the past couple of years. The chart below looks at price patterns of Crude Oil and the NYSE Index since 2008. One can see that both bottomed around the same time during the financial crisis and once Crude peaked in 2014, the NYSE did […]

Crude Oil & Stocks continue “Look Alike Patterns” at resistance

Sometimes, people look alike and sometimes patterns look alike. Below looks at the most important commodity on the planetĀ (Crude Oil) and the New York Stock Exchange (NYSE) Index. CLICK HERE TO ENLARGE CHART ABOVE As the world starts drifting away from the Brexit story, the reality of key leading indicators will come back into focus […]

Follow this leading indicator closely, resistance test in play

Below compares the prices of Crude Oil and the New York Stock Exchange Index (NYSE) over the past couple of years. Once Crude peaked in 2014, the NYSE Index make little upward movement after than, even though the trend for the prior few years was clearly up. Over the past year (black rectangle box), the […]