A Simple Visual of the Bullish Trend in Oil

11/10/17 07:31AM EST

Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

A Simple Visual of the Bullish Trend in Oil - 11.10.17 EL Chart

US growth isn’t slowing. It has been #accelerating with a reflationary kicker since September.

If you want to see the kick in that kicker, just pull up a chart of Oil:

  1. It broke out to signal Bullish TREND @Hedgeye in September
  2. Its immediate-term @Hedgeye Risk Range has only made higher-lows and higher-highs since
  3. It perpetuated a bearish-to-bullish TREND Phase Transition in Oil related equities


A Simple Visual of the Bullish Trend in Oil - webinar

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.