Near Term, Potential Crude Headwind Set To Lock Horns With Earnings Tailwind

Building on the crude theme a week ago, spot West Texas Intermediate crude did indeed break out of a declining trend line drawn from May 2015 (Chart 1).  It rallied 3.3 percent for the week.  For the last eight sessions, … Continued

As Goes Crude Oil, So Go Stocks Near Term

posted in: Commodities, Equities, Technicals | 0

Crude oil sits at a critical juncture.  Depending on which way it breaks probably decides stocks’ path of least resistance near term. Last week, OPEC announced its commitment to cutting output to between 32.5 million barrels per day and 33 … Continued