A JUMP IN OIL PRICES IS CREATING TRADING OPPORTUNITIES IN THESE INVESTMENTS $CRK $USO $CHX $DWT $VLO $UWT $DWT $OIH $CLV19 $XLE $XOP $EPI $UAL $DAL $WLL
An attack on Saudi Arabian oil fields has removed about 5% of global oil supplies. As a result, oil prices have jumped. It sounds scary for oil and stock investors, but for the time being, the chart tells a different story. All investors, not just oil investors, ought to pay attention to this chart. Chart Please click here for an annotated chart of oil futures CLV19. Note the following: • From the chart, note the down-sloping trendline. • Oil gapped open. • Oil has, as of this writing, broken above the trendline. • Note from the chart that oil has not touched the