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Tag: Oil

  • OIL breaks 20dma…

    OIL breaks 20dma…

    Note that in the first chart, the S&P500 generally correlates to the price of Oil, although Oil tends to be much more volatile. Oil’s quick and dramatic price fluctuations can often signal an abrupt change in the overall economic trend. Which takes us to the second chart…note that Oil has broken below its 20 day…