Crude Crumbles π The Daily Chart Report
Powered By:
Todayβs Summary
Monday, June 23, 2025
Indices: Russell 2000 +1.11% | Nasdaq +1.06% | S&P 500 +0.96% | Dow +0.89%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining +1.77%. Energy lagged by a wide margin, dropping -3.32%.
Commodities: Crude Oil had its worst day since March 2022, tumbling -7.22% to $68.51 per barrel. Gold rose +0.27% to $3,395 per oz.
Currencies: The US Dollar Index dropped -0.39% to $98.39.
Crypto: Bitcoin is currently up +3.04% to $104,082. Ethereum is up +6.23% to $2,365.
Volatility: The Volatility Index dropped -3.83% to 19.82.
Interest Rates: The US 10-year Treasury yield dropped to a one-month low of 4.342%.
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 Barchart (@Barchart).
- Crude Oil reversed sharply lower today despite escalating tensions with Iran over the weekend. Futures closed at $68.50 per barrel, dropping over -7% on the day and nearly -13% from an intraday high of $79.
- Futures initially gapped higher by +5.6%, opening at $78 per barrel on Sunday evening. However, price immediately met resistance at $79, before bleeding lower throughout the day.
- Crude broke a 14-month downtrend line today, but closed decisively below it, marking a Failed Breakout. Sentiment turned feverish this weekend, but bulls are now trapped until this trendline gets repaired.
The Takeaway: Despite heightened tensions in the Middle East, Crude Oil saw a dramatic reversal today, plunging nearly -13% from its intraday peak of $79 to its closing price of $68.50. With bulls now trapped, the path of least resistance is likely lower in the near term.
Quote of the Day
"If it's obvious, it's obviously wrong."
- Joe Granville
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods outlines a few key charts to watch this week.
This Week Has a Date With Trouble β οΈ - The Daily Number
Grant Hawkridge points out that this week has historically been a seasonal rough patch.
International Opportunity - Don's Dividends
Donovan Jackson highlights the technical improvements for International Stocks.
Sentiment Check - The Weekly Trend Podcast
David Zarling and Ian McMillan discuss the latest trends and themes across the markets.
Ever Volatile Tesla (TSLA) - Bespoke
Bespoke examines the outlook for Tesla ($TSLA).
Top Tweets