Crude oil is now trading below its 200-day moving average. While technicians consider this a bearish sign, the chart below shows that for oil's prior such occurrences, at least going back to 2002, the result has been quite the opposite.
Ticker Sense is managed by Kevin Pleines, an equity market analyst at Birinyi Associates. Posts and articles are added by Kevin and the other analysts and traders at Birinyi Associates. Birinyi research and commentary is regularly featured by the New York Times, Wall Street Journal, Financial... More