by Chris Kimble | Jan 15, 2020 | Kimble Charting
It’s a good idea for investors to be aware of key indicators and inter-market relationships. Perhaps it’s watching the US Dollar as an indicator for precious metals or emerging markets. Or watching interest rates for the economy. Experience, history, and relationships...
by Chris Kimble | Jan 8, 2020 | Kimble Charting
Crude Oil double topped in late 2018, then it fell nearly 50% in 90-days, taking stocks along with it. Could Crude be “Double Topping” again? Let’s investigate what the chart is showing us. Crude oil created a weekly Doji Star topping pattern at (1)...
by Chris Kimble | Jan 6, 2020 | Kimble Charting
The Crude Oil rally is gathering momentum as Middle East tensions come to the forefront. The rally has taken crude oil prices to a critical juncture, that two other times became a peak in oil prices. Oil prices are back at a familiar resistance level… a price area...
by Chris Kimble | Sep 17, 2019 | Kimble Charting
Yesterday Crude Oil rallied nearly 15%. How often does Crude rally this much in a day? Not often! How many times has Crude rallied nearly 15% in the past 20-years? Only one other time, which suggests that yesterdays move was a rare event. This chart looks at Crude Oil...
by Chris Kimble | Aug 15, 2019 | Kimble Charting
This chart looks at the performance of the S&P 500, Crude Oil and the Yield on the 10-Year note over the past 4-months. Crude Oil has declined around 14% more than the S&P during this time frame. Yields have declined, even more, around 36%. The is a huge...
by Chris Kimble | Jul 22, 2019 | Kimble Charting
Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above. In summary, the correlation between Oil and the stock market has been quite interesting...
by Chris Kimble | May 9, 2019 | Kimble Charting
Crude oil prices tend to offer a good general barometer for the global economy. More specifically, it is the trend of crude oil that matters. When demand is high and the economy is strong, crude oil prices tend to move higher… and the trend tends to be “up”. And this...
by Chris Kimble | May 2, 2019 | Kimble Charting
The 4-month rally has been broad-based, with other risk-on assets like crude oil rallying in stride. This isn’t a surprise, as crude oil will often perform in line when the economy is on track. Currently, the correlation between stocks and crude oil remains up. But if...
