Crude Awakening π The Daily Chart Report
Powered By:
Todayβs Summary
Wednesday, June 11, 2025
Indices: Dow 0.00% | S&P 500 -0.27% | Nasdaq 100 -0.37% | Russell 2000 -0.38%
Sectors: 4 of the 11 sectors closed higher. Energy led, gaining +1.45%. Materials lagged, falling -0.99%.
Commodities: Crude Oil had its best day of the year, rising +4.88% to $68.15 per barrel. Gold was unchanged at $3,344 per oz.
Currencies: The US Dollar Index dropped -0.47% to $98.58.
Crypto: Bitcoin is currently down -1.68% to $108,440. Ethereum is down -1.85% to $2,764.
Volatility: The Volatility Index rose +1.71% to 17.25.
Interest Rates: The US 10-year Treasury yield dropped to 4.420%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Michael Kahn (@mnkahn).
- Crude Oil had its best session since October today, with futures rising +4.9% to a two-month high of $68.14 per barrel.
- Michael points out that Crude has breached a potential inflection point at $65, representing the intersection of a five-month downtrend line and horizontal resistance.
- $65 acted as support for nearly two years before breaking down and turning into resistance in March. A sustained move above $70 could spark a summer rebound for Crude, as this would confirm a Failed Breakdown.
The Takeaway: Crude Oil had its best session of the year today after clearing an inflection point at $65. Reclaiming $70 would solidify a Failed Breakdown and set the stage for a summer rally.
Quote of the Day
βA bull market is a bull.
It constantly tries to throw off its riders.β
- Richard Russell
Top Links
S&P 500 Flashing Short-Term V-Bottom Signal
Rocky White looks at previous V-shaped recoveries in the S&P 500.
Watch the Little Guys - Alfonso's Daily Note
Alfonso De Pablos highlights the rebound in Small Caps ($IWM).
Why We're Trusting the Bullish Patterns - CappNotes
Frank Cappelleri breaks down the recent price action and patterns in the S&P 500.
They Were Not Tops - The Strazza Letter
Steve Strazza examines the outlook for Crude Oil and the Energy sector.
Top Tweets