Crude oil prices may be hitting the most significant level of resistance since launching their rally in February. In a year of interesting market moves,…
Tagged $USO
Loonie Rally About To Hit The Brakes?
The brisk 3-month rally in the Canadian Dollar has brought the currency back to the 2015 breakdown level of decade-long support. We don’t typically cover…
Calmer Days Ahead For Oil Prices?
The Oil Volatility Index convincingly broke below its post-2014 Up trendline today; that could mean less volatility ahead for oil prices. Volatility indexes have become…
The Line In The (Oil) Sand
The current test of a 30-year trendline could determine whether or not the bounce in oil stocks is sustainable. What do all the inquiring minds…
Another Major Commodity Index Drops To 2009 Lows
Like the CRB before it, the S&P GSCI Index has dropped all the way back to its 2009 lows; will it find support there? Another…
Saudi Stocks (& Oil?) Hanging In The Balance
The Saudi Arabian stock market is testing key support; the resolution here will likely lead to a big move, up or down, for Saudi stocks…
Will 30-Year Trendline Put Cap On Oil Stock Drop, Or Lead To Another Gusher?
The post-1985 UP trendline could provide support for the XOI Index – but a break could accelerate losses. With oil and oil stocks at the…
Broken Commodities Continue To Crush Investors
Since breaking key support 1 year ago, commodities have continued to drop, setting a 13-year low today. This post is not one that is going…
Pfff…The Post-2009 Commodity Gains Are Gone The last time we dedicated a Chart Of The Day and Tumblr post to the Reuters/Jefferies Commodity Research Bureau Index…
“Dr. Copper” Back On Life Support
Back on January 14, in the midst of the deflationary spiral in commodity prices, we wrote a post titled “Dr. Copper Positioned For Rebound…Or Collapse”. At…