by Chris Kimble | Dec 12, 2016 | Kimble Charting
Over the past couple of years, the Energy sector has declined a good deal more than it has rallied. Of late, some assets in the Energy sector, has been moving upward and have been jumping over key resistance levels! Crude Oil now following energy stocks, hopping over...
by Chris Kimble | Oct 10, 2016 | Kimble Charting
Below looks at the Oil Service Index (OSX) over the past decade. From the highs of 2014 to the lows of this year, this index declined nearly 65%. Could it be creating an trend reversal pattern? Check it out! CLICK ON CHART TO ENLARGE Oil service index remains inside...
by Chris Kimble | Feb 9, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE No doubt the oil patch has been hit hard of late and Transocean (RIG) hasn’t escaped the downtrend. Conditions in RIG, 80%+ decline since 2008, at falling channel support, momentum very low and a bullish falling wedge had...
by Chris Kimble | Jul 15, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Even though the media tells us of some unrest in the mid-east, Crude Oil is breaking support of a bearish rising wedge of late! On June 20th, Crude oil hit a short-term high on news coming out of Iraq and since then Crude Oil is down...
by Chris Kimble | Jan 15, 2014 | Kimble Charting, Sector / Commodity
CLICK ON CHART TO ENLARGE Ever heard of the idea of buy low & sell higher? Believe in it? If not quit reading now! If you do believe in the idea of buy low & sell higher or believe in buying assets that are out of favor, the above chart might be of...
by Chris Kimble | Apr 12, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Crude oil has formed a multi-year pennant pattern and Energy ETF (XLE) is up against resistance. Traders now have positions established that more often than not have seen Crude and XLE fall in price. CLICK ON CHART TO ENLARGE The Power...
by Chris Kimble | Mar 31, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Game Plan….Have been an owner of DBC for a while. (see post here) Don’t sell…yet do put in a 3% stop on this ETF.
by Chris Kimble | Feb 2, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Game Plan…am currently overweight the energy complex, long OIH and XLE. Keep a 4% stop on these positions. As relative strength continues (see post here) If the dollar should bounce off of support, I will lower this stop or...
