Trendline Wednesday – 2/5/2020
Here are some of the most noteworthy trendline developments across the markets for Wednesday, February 5, 2020.
Crude Oil Testing Post-2016 Up Trendline
Oil & Gas Index $XOI Broke Post-2003 Up Trendline
Copper Testing Post-2009 Up Trendline
S&P Short-Term Volatility Index $VXST Rejected At Post-2018 Down Trendline
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Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.