|With a barrel of oil now able to be had for a mere $48, today's chart presents the current, long-term trend of West Texas Intermediate crude. As today's chart illustrates, crude oil has largely traded within the confines of a long-term upward sloping trend channel since the late 1990s. However, with the dramatic 55% plunge that began back in mid-2014, crude oil has broken below support (green line) of its 17-year trend channel -- a significant turn of events.Notes:
Where should you invest? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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"To keep a lamp burning we have to keep putting oil in it." - Mother Teresa
Events of the DayJanuary 11, 2015 - Golden Globe Awards
January 12, 2015 - BCS Championship Game
January 19, 2015 - Martin Luther King Jr. Day (observed) - Australian Open Tennis Tournament begins (ends Feb. 1st)
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
-- Which stocks are making big money? Find out with the biggest stock gainers today.
-- What are the largest companies? Find out with the largest companies by market cap.
-- Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as the performance of the Dogs of the Dow.
Mailing List InfoChart of the Day is FREE to anyone who subscribes.
To ensure email delivery of Chart of the Day, add firstname.lastname@example.org to your whitelist.
Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live, do follow, text link to the Chart of the Day homepage using the following HTML...
If your site provides a list of helpful links, we would appreciate it if you added a link for Chart of the Day at http://www.chartoftheday.com. However, Chart of the Day Plus charts are to be viewed by paying Chart of the Day Plus subscribers only and may not be republished.
Chart of the Day is provided to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.