DIG,XLE,OIH,ERX have been hot for several days. The offical
start of "driving season" is Friday and the stoppage of barge
traffic on the Mississippi is not helping fuel prices.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Crude may be ready for
Posted by klatuu on 26th of May 2011 at 02:17 pm
Crude may be ready for a pop, this is WTI (CL July Contract), you can see the break and pullback ready to move on the chart here.
XOM is in a similar situation, a nice base pushing the top of a triangle. If it breaks 83.25, lots of room to move then.
Klatuu
PS. I prepared a chart, uploaded it yet cannot get it to display on the blog.
stay away
Posted by zach06 on 26th of May 2011 at 02:30 pm
Play the oil servers instead.
DIG,XLE,OIH,ERX have been hot for
Posted by ditch on 26th of May 2011 at 02:38 pm
DIG,XLE,OIH,ERX have been hot for several days. The offical start of "driving season" is Friday and the stoppage of barge traffic on the Mississippi is not helping fuel prices.