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Commodities Oil - September 24, 2018
Volume 2, Issue 3
September 24, 2018
Items of Interest:
- Current thoughts on Crude, the (XLE) - Energy Select SPDR and the (IXC) - iShares Global Energy ETFs are below. Crude continues to look bullish, but most of the energy stocks need more work to get going.
- On a short-term view, there has been improvement on an absolute and relative basis but we need to see further strength to get the model in a clear bullish mode. As it stands now, the XLE is at a -.50 and the IXC is at a -.10, we need a value of > 3.10 for a bullish signal on an intermediate-term call. The charts of each with their relative trends to the ACWI as well as the historical model scores are below.