This is a crude story

Here is the chart for crude oil. The drop off the cliff this month is one factor destabilizing the stock markets. The price jumped yesterday (helped by the Trump announcement) but still a long way to go. Times like this present some serious buying opportunities for beaten down oil stocks. There will be consolidations in the oil sector.This is a daily chart showing the price of West Texas Intermediate


Technical Analysis is about identifying the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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