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Oil Stocks - near high end of range

Started by pkamm, 03/14/2008 02:08AM
Posted 03/14/2008 02:08AM | Edited 03/14/2008 02:10AM Opening Post
One thing that's puzzling me is how the soaring oil prices are not being confirmed by the oil stocks. Here is a 38-year chart of Exxon-Mobil, on a logarithmic scale and sheared to trend-normalize the chart. Recent highs were near the top of the channel.


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pkamm's attachment for post 41252