4 replies to this topic

[Mr Dev]

The Crude Oil $cl Daily Chart has been on an Oscillator Buy signal for weeks but that is nearing Over Bought territory.

Price is still below hidden resistance which is acting as a magnet at this time.

$oih $uso $xle $xop $xom $cvn #energy #brent

[Rogerdodger]

Great to see you Mr Dev!

 

We would normally see some hesitation as price is now approaching last years highs.

 

Nymex crude oil prices are firmer, hit a 10-month high overnight, and trading around $91.25 a barrel.

The benchmark U.S. Treasury 10-year note yield is presently fetching 4.345%.

 

Wednesdays FED speak: "Strikes, dot plots, energy prices. How the Fed's inflation battle is getting tougher."

Most look for the FOMC to stand pat on U.S. monetary policy, but still sound a hawkish tone.

 

Kitco

Edited by Rogerdodger, 18 September 2023 - 09:27 AM.

[Mr Dev]

Hey there buddy. Nice to see you still here.

[redfoliage2]

In six months the crude price will be cut in half when US gets into a recession or Russia war ends. .................... 

[Rogerdodger]

In six months the crude price will be cut in half when US gets into a recession

 I hope so...I think...

 

Get your ticket to ELON'S wheel in space while there's time

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Well, by '76 we'll be A-OK
Here at home we'll play in the city
Powered by the sun
Perfect weather for a streamlined world
There'll be spandex jackets, one for everyone 

https://youtu.be/Uei...PEu4-H2J92HI6Uf

Edited by Rogerdodger, 18 September 2023 - 04:36 PM.