The Bonddad Blog

- by New Deal democrat Last week I noted that weekly gasoline usage was down almost 10% YoY. Because the series can be noisy, it was s...

- by New Deal democrat Recently I've begun measuring the impact of energy costs not just by the price of West Texas Intermediate Crude (...

- by New Deal democrat I've been writing about this topic for well over a year, and here we are again. Reading the punditry is an exce...

Last week I wrote the following about the oil market: Over the last few weeks, with the exception of today, the price action has been weak....

- by New Deal democrat Besides posting here, Bonddad and I not infrequently have phone conversations about the markets and economy (I know, ...

- by New Deal democrat Last week I said that I was re-evaluating my overall view of where the economy was heading for the first time in ...

Let's tale a look at the recent sell-off. Click for a larger image. A.) Prices formed a three day broadening pattern -- a topping/rever...

The main issue on this chart is that prices are now below the upward sloping trendline that started earlier this year. Also note that price...

Click on all images for a larger image On oil's weekly chart, notice that prices are still in an uptrend but they are right at crucial t...

Click on all images for a larger image The weekly chart is still very bullish. The MACD and RSI are still rising. Prices are still advanci...

Click on all images for a larger image The weekly chart is still very bullish.. Prices have continued to rally after a consolidation at the...

Click on all images for a larger image The weekly chart is still very bullish. Notice the MACD and RSI are still moving higher. The RSI st...

Click for a larger image The weekly chart continues to show strong, bullish tendencies. The MACD and RSI are still rising. Prices continue...