‘Crude Oil’ Archive

“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 […]

Global shrinkage barometers sending these messages

  CLICK ON CHART TO ENLARGE Are rapidly falling Crude Oil prices a sign the world is shrinking from an economic point of view? Some say too soon to tell. Are rapidly falling Copper prices a sign the world is shrinking from an economic point of view? Some say too soon to tell. Cattle and […]

King Dollar – Entering it’s strongest month of the year, says Joe!

CLICK ON CHART TO ENLARGE When it comes to currency strength, King Dollar had a pretty good 2014! Speaking of strength, the US$ ETF (UUP)/Euro ETF (FXE) performance spread between the two, has been 23% over the past 6 months. (See spread here)   The above chart, from Sentiment Trader, highlights that the US$ is now […]