The Energy Sector ETF is in an interesting position. After breaking down from a rising wedge recently, it is now testing some crucial support near 65.50. Lots of air underneath that.
Just before Easter gas around here jumped from $2.45 to $2.79 per gallon. Right now it is hovering around $2.65. Not sure how much gas will jump up with the BS going on around Iran and in June our gas tax jumps up another 11 cents per gallon.
May the force be with us.
The Energy Sector ETF is in an interesting position. After breaking down from a rising wedge recently, it is now testing some crucial support near 65.50. Lots of air underneath that.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The price of gas is jumping all over the place here on the North Coast. It is jumping around almost day to day. One will be at $2.49 and down the street another is at $2.79. Then the next day both will be around $2.65. This past week has been really goofy.
May the force be with us.
E10 averaging around $2.51 a gallon in GA!
Gas had creeped down to $2.59 around here and yesterday afternoon gas jumped up to $2.89.
May the force be with us.
E10 Averaging about $2.50 IN Central GA!
Gas jumped from $2.45 to $2.89 a gallon overnight.
May the force be with us.
What is going on with gasoline???? On the way to work yesterday gas was as low as $2.36. What is happening???? AAAHHHHHHHHHHH!!!!!!
May the force be with us.
The price of Oil has been going down.!
Oil prices surge after two tankers reportedly attacked near Strait of Hormuz
Crude oil prices surged Thursday, rebounding from a bruising prior session after reports that two oil tankers had been attacked in the Gulf of Oman, with fresh tensions in that region potentially posing a threat to global supplies.
West Texas Intermediate crude for July delivery CLN19, +3.13% jumped $1.85, or 3.6%, to $52.98 a barrel, but has managed a session high thus far of $53.11 a barrel. Gains were in contrast to a 4% drop that took oil prices down to $51.14 on Wednesday, marking the lowest front-month contract finish since Jan. 14, according to Dow Jones Market Data.[more]
https://www.marketwatch.com/story/oi...ire-2019-06-13
So yesterday gas around me was between $2.21 and $2.29. This morning gas jumped to $2.59.
May the force be with us.
E10 holding at $2.29 in Boiled Peanut GA!
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