Kimble Charting Solutions: Is Crude Oil Rally Stalling? – May 2, 2019

May 2, 2019 Bob Weir Industry, Kimble Charts, Oil & Gas, Technical Pundits

The 4-month rally has been broad-based, with other risk-on assets like crude oil rallying in stride. This isn’t a surprise, as crude oil will often perform in line when the economy is on track. Currently, the correlation between stocks and crude oil remains up. But if crude doesn’t get its act together, it may become a headwind for stocks. See the chart below for more.

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About Bob Weir 329 Articles

Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).