Stocks and Crude Oil Diverge

09/24/2009 9:20 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Crude oil and the S&P futures have had a similar path for many months. Both peaked on June 11 and then bottomed within a day of each other in July. Since late August, the S&P has made higher highs, while crude oil has made lower lows. Crude is now testing its daily uptrend after Wednesday's sharp drop, making the next few days critical.

Related Articles on STRATEGIES