Tuesday, May 22, 2012

 
 
 

 
 
 
 
 
Crude oil is breaking down
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Wednesday, November 25, 2009
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From Hard Assets Investor:

Investors often complain about being blindsided by sudden shifts in market momentum. Well investors, take a gander at the crude oil futures chart and see if you can see a big red momentum flag.

Notice how the daily highs and lows scored by the NYMEX nearby contract have gotten lower over the past month? This is a classic "flag" formation (the flag's formed by two trend lines, one connecting the recent highs, the other the recent lows). A flag formation usually is a pause in a continuing trend that allows a market to gather strength for another leg.

Usually. But not always. Sometimes...

Read full article...

More on energy:

These energy stocks are on a tear

 A cheap and growing oil-services stock

Energy expert: This could be the next speculative bubble

Topics: Energy | Commodities
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