‘Crude Oil’ Archive

Life could get cheaper if these break support!


A Big Picture signal could be coming from products most of use on a daily basis!

The 4-pack below looks at Crude Oil, Coffee, Copper and Cattle.

crudecoffeecoppercattelsupporttestjuly14CLICK ON CHART TO ENLARGE

Crude Oil broke below a support line that had been in place for the past 7-years. Of late it kissed the underside of …

Leading indicator breakdowns, more important than Greece?


Has Greece been a good economic indicator over the past few years? Most would say NOT!

Could Crude & Copper be sending a more important global message than what happens in Greece?

A year ago a long-term pennant pattern in play with Crude Oil. Once it started heading south a year ago, it fell hard. …

King Dollar & Crude Oil reversing ST trends, says Joe Friday

joefridaycrudeusdollarbreakinglinesmay22CLICK ON CHART TO ENLARGE

King Dollar and Crude Oil have been have had little correlation over the past year, as each has traded in pretty much opposite directions.

Over the past 9 months King Dollar has had a historical rally and the opposite is true for Crude Oil.

Of late Crude hit its 23% …