WTIC and Brent Oil Daily Charts Print Death Crosses

The West Texas Intermediate Crude and Brent Crude daily oil charts print death crosses where the 50-day MA stabs down through the 200-day MA. Typically, when a death cross occurs, price will bounce since it took many, many days of weakness to drive the 50-day MA lower and a recovery is overdue. When price bounces, watch to see if the death crosses remain in play, or not.

If the death cross remains in play, oil prices will be weak for weeks and months to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.