I'm a fundamental analyst and don't subscribe to technical analysis, but sometimes a chart can tell an interesting story better than words can - I've been looking at energy commodity charts while studying $panr and some observations -
#Oil is a real laggard vs. #natgas and #coal - despite being up ~55% YTD it hasn't really participated in the energy price surge to same extent as its fellow fossil fuels - here's the price lag YTD, showing oil is well behind:
Here's oil lagging over last 3 yrs chart -
And lagging over 5 yrs -
And lagging over 10 yrs -
Again I'm NOT a technical analyst, but I thought this chart was also interesting - #oil breaking out of a ~13 year downward price trend?
Sometimes a picture paints a thousand words. Real assets are interesting right now, and within this energy looks like a particularly interesting situation.
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