CLICK ON CHART TO ENLARGE The above charts can’t help but stir up the question of, “who came first, the chicken or the egg?” Who is leading who here? For the past few years Crude Oil and the S&P 500 have trended together and have hit key highs and lows around the same time window. [...]
CLICK ON CHART TO ENLARGE Crude Oil finds itself on a support line that has been very strong for the past four years. As Crude oil has approached or hit this support line the S&P 500 has been at or nears key lows as well. We have to view the above chart in Crude Oil [...]
CLICK ON CHART TO ENLARGE Crude oil has formed a multi-year pennant pattern and Energy ETF (XLE) is up against resistance. Traders now have positions established that more often than not have seen Crude and XLE fall in price. CLICK ON CHART TO ENLARGE The Power of the Pattern suggested that Gold could be forming [...]
Developed and maintained by Skylight Sites
Recent Comments