by Chris Kimble | May 10, 2022 | Kimble Charting
There haven’t been many places to hide during this year’s stock market correction (bear market?). And one of the last hiding places could be in trouble: Energy stocks. And more specifically, the Oil and Gas Exploration Sector ETF (XOP) and the Oil Services ETF (OIH)....
by Chris Kimble | Apr 17, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart above looks at Oil & Gas Exploration EFT (XOP) over the past 8-years. From 2010 until 2013 it looks to have created a pennant pattern (series of higher lows and lower highs). Once resistance was taken out at (1), buyers came...
by Chris Kimble | Nov 7, 2017 | Kimble Charting
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...
by Chris Kimble | Oct 6, 2017 | Kimble Charting
Crude Oil has rallied for the past few months, could it be peaking? Joe Friday suggests Crude finds itself at a key inflection point for it and its Fear Index (OVX). Below looks at Crude Oil futures over the past decade- CLICK ON CHART TO ENLARGE Crude Oil rally of...
by Chris Kimble | Sep 20, 2017 | Kimble Charting
Oil & Gas Exploration stocks have been hit hard over the past few years, falling over 50%. Could an opportunity be at hand in this hard-hit sector? Possible! Below looks at the chart of Oil & Gas Exploration ETF (XOP) over the past few years. CLICK ON CHART TO...
by Chris Kimble | Sep 6, 2017 | Kimble Charting
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...
by Chris Kimble | Apr 10, 2017 | Kimble Charting
Crude Oil has created a series of lower highs and lower lows since the peak in 2008. Since the lows of 14-months ago, Crude has created a series of higher lows and potentially creating a bullish ascending triangle pattern. This pattern two-thirds of the time, leads to...
by Chris Kimble | Apr 5, 2017 | Kimble Charting
Energy stocks have not been a good buy and hold investment for the past few years. Looking back over the past 5-years, XLE has lagged all of the S&P 500 sectors and it is the only S&P sector that has a negative 5-year return. Could this trend be ending? A...
