Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Oil Remains in the Grasp of the Bears

Oil continues to trade lower, showing little or no upside umph.

My Point & Figure chart shows the still-dominant downtrend, which only will be challenged if Oil can climb and print above 48.00.

Otherwise, all roads continue to point to a retest of the early May low at 44.00 (43.76 intraday low), followed by another capitulation towards 42.00-40.00.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!