Crude Oil facing 800 pound resistance test

Crude Oil facing 800 pound resistance test

Crude Oil has been strong of late. Did you realize that Crude Oil has gained more in the past month than the S&P 500 has this year, see chart below. CLICK ON CHART TO ENLARGE The strong rally of late has Crude testing what appears to be a very important level in...
Oil Drillers- Attempting bullish breakout!

Oil Drillers- Attempting bullish breakout!

Oil Drillers have had little to smile about over the past years. Could this trend be about to end? A pattern is in play that highlights a counter trend rally could be near. Below looks at the Oil Drillers (XOP)/ S&P 500 Ratio over the past couple of years- CLICK...
Crude Oil; Facing 800 pound resistance test?

Crude Oil; Facing 800 pound resistance test?

One year ago Crude Oil was falling hard, as it was down nearly 50% over the prior 12-months. How things have changed a year later, as Crude Oil is now over 50% from the lows in 2016. Crude Oil is now entering a positive seasonal time of year, with the average gain...