Memorial Archives

Oil Sector Divergence Alert
posted May 21, 2004 at 10:26PM

The key technical development here is the fact that oil stocks have not been confirming the new highs for the commodity itself. The technical terrain is very similar to that facing the gold sector not so long ago when the stocks were not confirming the bullion price highs.

Gold's recent weakness is a warning shot to all market partitcipants

Bullet Bullet Bullet