Browse Symbol Stacks: /CL: Gasoline_VS_Oil_Futs_Monthly_March242015.jpg

Gasoline_VS_Oil_Futs_Monthly_March242015.jpg

Updating the divergence, or delay, in /cl futures vs. /rb (Gasoline) futures from their monthly chart bear wedge breakdowns. 

Note that /cl still has downward momentum on the monthly, though it has slowed. Target is still the full extension of the bear wedge at 35.07. 

Gasoline on the other hand, has already begun its seasonal reversal swing back up.

Comments

toad37toad37
Hmmm. Interesting. Supposedly the August contract is changing hands at $56. 3/24/15