Crude oil prices have plunged nearly $2/bbl, and have broken to new corrective lows, which should or could become very supportive for equity prices. Have a look at my intermediate-term chart analytics of nearest crude oil futures.
MJP 10/19/05
Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.