View: crude500insyncjan29.gif (1575×729)
crude500insyncjan29.gif (1575×729)
The chart above reflects that Crude Oil and the S&P 500 have been moving in Sync for the past couple of years (hitting highs and lows very close to the same time). Crude Oil has been contained by this multi-year flag pattern and each time its hit the top of the flag pattern Crude and the 500 index have taken a pause.
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