Energy stocks vs. Oil. Which one is right? pic.twitter.com/08DFVQUbxo — Michael Kahn, CMT (@mnkahn) November 29, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a chart of the Energy sector (black) and Crude Oil (red) over the past two years. Energy stocks and Crude Oil tend to move together for obvious reasons, […]
Chart of the Day – Monday, November 21st, 2022
Crude back to a big spot…$CL_F $USO $OILK pic.twitter.com/O3caEZ4KTh — Ian McMillan, CMT (@the_chart_life) November 21, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). Crude Oil had a wild day. It was on track for its worst day in four months this morning (-6%) as it tested year-to-date lows. However, buyers stepped […]
Chart of the Day – Thursday, August 25th, 2022
A bullish scenario for crude oil begins by reclaiming key former support level of 94.50. Notice that during the recent sell-off in risk assets, the 14-period RSI never hit oversold conditions. pic.twitter.com/31LynVIx34 — Alfonso Depablos (@AlfCharts) August 25, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a daily candlestick chart […]
Chart of the Day – Thursday, August 4th, 2022
Crude slips below support at ~$94…$CL_F pic.twitter.com/lDFXEnbieV — Ian McMillan, CMT (@the_chart_life) August 4, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a chart of Crude Oil futures over the past year and a half. Ian points out that Crude Oil is breaking below support around $94. It had flirted with […]
Chart of the Day – Wednesday, July 13th, 2022
Crude oil challenges the lower boundary of its current range. The path of least resistance is lower on a daily close below 94.25. $CL_F pic.twitter.com/xaobUd9RYx — Ian Culley (@IanCulley) July 13, 2022 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Today’s CPI report had inflation at 41-year highs. Ironically, Crude Oil is […]
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