‘Crude Oil’ Archive

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% …

Crude oil- 7th largest 2-month rally in history, now what?

crudeoil2monthrollingperiodsmay20CLICK ON CHART TO ENLARGE

Two months ago, the 2-month rolling return for Crude Oil was -40% at (1) above. At that time Crude Oil had declined almost $70 in the past 9-months, trading near $45. It was easy to find people predicting that Crude Oil was not near a low and some shared it …