Crude & Natural Gas should be nearing trading lows

The near-term pullback in S&P to kick off the last couple days of January trading doesn’t appear too serious, and it’s still likely that SPX should finish with strong gains for this month.  As of 1/30/23 close, SPX remains higher by more than 4.5% higher, and five sectors are outperforming the market year-to-date with one day remaining: Communication Services, consumer Discretionary, REITS, Technology and Materials.

While hourly momentum (Relative streng...

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