Krazy Konclusion One

By -

I spent part of my Father’s Day doing my favorite thing in the world: dorking around with historical price data and playing around with charts. I have put together three quick posts, inspired by the new futures database we have here on Slope. It’s just a simple chart with a simple conclusion in the caption:

slopechart CL
My conclusion: crude oil has retraced perfectly to its resistance line. This back-adjusted chart (using our own data this time) is absolutely picture-perfect, even when compared to our former futures data. I like what I see here!