Energy price is hinting a long down trend

By: ssmlee04 Community Lead :))   💬 574   
   Feb 07, 2023

$boil price action is suggesting energy price is going to move way down. things like $oxy and $cvx are also on their way to break below some large moving averages. I'd be surprised if energy price can move up in the short to medium term.

Keep in mind that we're going toward a EV future and winter is almost over.

CVX - Chevron Corporation  5.2% since post
OXY - Occidental Petroleum  -0.93% since post
The Stockguy
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Hi, I'm Shih-Min. I am a software engineer that deals with highly-scalable, distributed and fault-tolerant systems.