Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9909)	10/27/2014 9:42:17 AM
From: Goose94	Respond to of 202704

Oil below US$80 - finviz.com

To: Goose94 who wrote (9909)	10/27/2014 7:37:33 PM
From: Andrew~	Read Replies (1) \| Respond to of 202704

Oil: Take a gander at the Brent chart (puns intended :D) and compare it to the CDNX both are similar. Actually you could probably pick any energy stock at random and it would likely be similar. Both had highs in mid June and were overbought on the daily and then both had the sharp drop off to lows in October and oversold. Both are bearish, perhaps a sideways short term trend but I wouldn't bank on it. The most bullish aspect is the MACD histogram and crossover and the fact that both have moved off stepping down the lower Bollinger Band. RSI, Vortex Indicator, %Williams are all bearish.