Oil and the Equity Indices Begin to Diverge

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Today's action in Oil vs SPZ shows a huge, glaring, positive divergence for Oil for the first time in weeks. Whether or not the relative strength of Oil will sustain will be the question during the afternoon session. If the e-SPZ has reached near-term upside exhaustion, and reverses sharply lower later today, will Oil be able to preserve some or most of its morning gains? Right now, my near- and medium-term work argue "yes," the upside breakout in Oil will prevail and diverge from

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