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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,995.89
(
-0.52%
)
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techcharter

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techcharter

Re: None

Wednesday, 03/11/2009 10:07:32 PM

Wednesday, March 11, 2009 10:07:32 PM

Post# of 51808
OIL, From Black Gold to Sludge

Today's chart is technically significant for oil. It gapped below the 2 week channel's lower trend line. With oil and ABX bonds showing strong technical weakness, the stock market rallies the past 2+ days are probably just another bull trap.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=4&dy=0&id=p38881798941
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