https://rightsideofthechart.com/uwt-stop-hit-for-a-3-beta-adjusted-loss/ Stock Trading, Investing & Market Analysis Fri, 31 Jan 2020 20:21:20 +0000 hourly 1 https://wordpress.org/?v=7.0.2 https://rightsideofthechart.com/uwt-stop-hit-for-a-3-beta-adjusted-loss/#comment-9590 Fri, 31 Jan 2020 20:21:20 +0000 https://rightsideofthechart.com/?p=195487#comment-9590 @rsotc Crude Oil has hit the 51 (ish) level that has served as support on 3 previous occasions on the daily chart. The past few days it seems oil has resumed its loose correlation movement with the broad market. So suppose market does rally off their independent support TLs, it may coincide with Oil moving up if it breaks out of the magenta down TL on the hourly chart below.
Or maybe more downside for oil if market does drop some more. Fair assessment?

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