The Bonddad Blog
Still nerdy after all these years
Thursday, January 28, 2010
Thursday Oil Market Round-Up
A.) Oil prices are consolidating in a triangle formation.
A.) Momentum is decreasing and
B.) People are leaving the security.
However, when prices are consolidating, it's important to look at oscillators. To that end
Both the fast stochastic (A) and slow stochastic (B) are showing an oversold condition in the market.