‘Crude Oil’ Archive

Most impactful commodity on the planet about to break down?

  CLICK ON CHART TO ENLARGE Is Crude Oil about to follow in the footsteps of the yield on the bell weather bond and break support? The left chart above highlights that the yield on the 30-year bond is breaking down, below a two-year support line.  The right chart highlights that Crude Oil and the [...]

Most important commodity on the planet breaking support?

  CLICK ON CHART TO ENLARGE Even though the media tells us of some unrest in the mid-east, Crude Oil is breaking support of a bearish rising wedge of late! On June 20th, Crude oil hit a short-term high on news coming out of Iraq and since then Crude Oil is down almost 10%. The [...]

Breakdown in Crude could happen if this support breaks, impact SPY?

  CLICK ON CHART TO ENLARGE Unrest in Iraq pushed Crude Oil prices up for a week and bullish sentiment towards crude reached lofty levels. Turmoil continues in Iraq, yet Crude Oil turned soft. The decline in crude oil has it now testing a 6-month support line and support is support until broken. Should support [...]