Algokid

Analysis : OIL vs. SP 500

NYMEX:CL1!   Light Crude Oil Futures
343 2 0
Oil             and the SP             500 have been very correlated for the last few years. Right now, Oil             is at resistance. IF that resistance is, broken expect more downside on the SP             500.
Price of oil is holding at the current support, "might' be good news for the SP500................"might be "
Reply
I disagree that NYMEX Light Crude ranged 80 to 110+ for several years is good for global economies. I do agree as we close in on the current patterned symmetrical triangle, $97 pivot, price will turn out very volatile large up move (perhaps headfake) and down move.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out