Crude oil is getting absolutely pounded. I'll bet the Saudi's are pacing in their hallways. Trump double dealed them. Talked them into pumping more oil then gave out waivers for Iranian oil.
I heard crude has an RSI reading around 12 which is an all time low.
Crude 10 year price charts below.
Crude 3 month chart WOW!!!
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Crude1year chart below
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Crude 5 year chart below
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Crude10 year chart below
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Heating oil 10 year price charts
Heating oil 3 months-WOW!
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Heating oil 1 year chart below-upside breakout
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Heating oil 5 year chart below-upside breakout
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Heating oil 10 year chart below
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Unleaded Gasoline Price Charts:
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5 year........are we headed back to the highs?
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Here are the gas prices at the pump. They SHOULD HAVE dropped much lower than this!!!
The National Gas Price Heat Map from GasBuddy:
https://www.gasbuddy.com/GasPriceMap?z=4
Weekly US ending stocks of crude oil. Peaked in March 2017, then bottomed out on September 14th 2018, at the lowest in 3.5 years and have been increasing since then to around +32 million above those lows and the same as they were in early 2015.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W
Weekly ending stocks for unleaded gasoline. Barely peaked in Feb 2017. The last 2 weeks have reported the lowest stocks so far in 2018!
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast). Peaked in Feb 2017 and had PLUNGED to the lowest in 4 years and almost the lowest in 10 years early this Summer. They increased after that but in the last 3 weeks, have dropped 10 million again and are not far off their lows for the year.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W