Chart of the Day
High oil prices are on the minds of investors and consumers alike. So much so that some of today's weak consumer sentiment report was attributed to high crude oil/gasoline prices. One beneficiary of relatively high petroleum prices has been the oil sector. For some perspective on the oil sector, today's chart illustrates the 2-year rally in oil stocks (XOI). The rally has been confined well within its upward trend channel until recently when the XOI actually broke above the top end (solid red line) of an already strong uptrend. The XOI has since returned to its original trend and is currently bumping up against resistance (solid & dashed red lines). While the XOI has some immediate challenges near-term, the long-term trend remains up until proven otherwise. Stay tuned...
- Which way are gasoline and oil prices headed and what does it mean for the oil sector and stock market? Find out with Barron's recommended Chart of the Day Plus.
Source - CSI & EIA
Rate today's Chart of the Day
By voting every day you help us get you the charts you want to see.
Quote of the Day
"It is impossible to produce a superior performance unless you do something different from the majority." - Sir John Templeton
Events of the Day
April 27, 2005 - Administrative Professionals Day
April 28, 2005 - Take Our Daughters & Sons to Work Day
April 29, 2005 - Arbor Day
May 01, 2005 - May Day
May 03, 2005 - National Teacher Day
May 05, 2005 - Cinco de Mayo (Mexico)
Mailing List Info
Chart of the Day is FREE to anyone who subscribes.
-- To subscribe, simply type in your email address at the top left of this page.
-- To unsubscribe, simply fill in our unsubscribe form.
-- To change your email address, first subscribe with your new email address and then unsubscribe your old email address (as described above).
Chart of the Day provides this mailing list to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.