Energy stocks had prospects to become star performers in 2018 based on their January performance as well as performance of WTI. With the US stock correction however a 5-day heatmap reveals Energy (XLE) to be the worst performing sector. Also WTI technicals, performance of SGX-listed Keppel, Sembcorp.
These are 4 oil and gas stocks listed on the Hong Kong Exchange that could be easily picked out with a stock scanner that looks for high volume trading or new 52-week high. They are Anton Oilfield, Sinopec, Hilong and Hong Hua.
At a high time frame from 2005 – 2017, Singapore stocks Sembcorp, Sembmarine and Keppel Corp appears to have strong positive correlation to WTI in this overlay. Over a shorter duration, that correlation is less convincing.
Weekly charts of NZDUSD, XAUUSD, GBPUSD, USDCNH and WTI ‘big picture’ analysis. Clicks together a story that indicates DXY weakening.
A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme – a turning point could be showing up soon seeing how these pairs might be at support.
Look at WTI, XAUUSD support and resistance levels, trends. Week 37 2017 latest charts, setups and price action. Also GBPNZD, EURUSD, USDJPY.
WTI and DXY used to show a clear negative correlation. This disappeared in the middle of 2016. Is this a temporary divergence or a permanent change? If the present appearance is temporary only, one of them is going to show it’s true colour soon.