4 replies to this topic

[ChickenLittle]

Normally these energy indexes track together but recently the coal index has been falling while oil continues upward. The same divergence happened last year before oil peaked.

http://stockcharts.com/c-sc/sc?s=$DJUSCL&p=D&yr=0&mn=7&dy=0&i=p55868534503&a=112982059&r=440.png

[PorkLoin]

Some of the biggies - ACI, BTU, CNX - down 20% or more from the recent highs.

[ChickenLittle]

Some of the biggies - ACI, BTU, CNX - down 20% or more from the recent highs.

Will declining oil mean higher prices for stocks??? Last year oil started sliding in July and it seems the market bottomed about that time.

[VolPivots]

Normally these energy indexes track together but recently the coal index has been falling while oil continues upward. The same divergence happened last year before oil peaked.

Don't know if you can read much into the relationship. Coal is driven by electricity demand....there's no heat this year and plenty of nat gas as an alt feedstock this year.

Coal vs. PJM electricity vs. Nat gas vs. Crude chart


Crude vs. RBOB and crack spread--collapsing of the the crack spread one reason why VLO's been getting hammered.


Have no idea what's holding crude up (weaker dollar/overseas demand? inflation play? commodity safe haven?), but doesn't make sense that it is while the crack spread has been coming off.

[ChickenLittle]

Have no idea what's holding crude up (weaker dollar/overseas demand? inflation play? commodity safe haven?), but doesn't make sense that it is while the crack spread has been coming off.

Crack spread says it all.