Off the Charts: Crude oil under pressure
2025-12-26_22-58 • 2m 59s
Guy Adami (Contributor)
00:00.000
Let's
go
off
the
charts
with
Katie's
stock.
And
Katie,
what
are
we
looking
at?
I'm
excited
Katie Stockton (Founder and Managing Partner)
00:04.640
about
crude
oil.
I
For
the
first
time
we
have
on
the
demarc
indicators
a
counter
trend
signal
and
that
means
that
we
should
see
up
to
nine
weeks
of
stabilization.
And
you
could
imagine
over
the
course
of
nine
weeks
that
we're
likely
to
see
crude
oil.
This
is
WTI
on
the
the
Katie Stockton (Founder and Managing Partner)
00:21.160
generic
futures
lift
above
its
50-day
moving
average,
which
is
roughly
$59
per
barrel.
It
wouldn't
take
much.
It
could
happen
in
a
day.
It
could
happen
in
two
weeks,
but
when
it
does
happen,
we
feel
that
that
acts
as
a
positive
technical
catalyst,
generates
additional
momentum
Katie Stockton (Founder and Managing Partner)
00:36.840
behind
the
stocks
behind
crude
oil
itself,
and
solidifies
what
looks
like
the
early
stages
of
a
potential
turnaround.
There
is
good
support
for
crude
oil.
It's
right
around
$55
per
barrel.
And
so
as
long
as
that
support
level's
intact,
and
we
have
this
counter
trend
signal
Katie Stockton (Founder and Managing Partner)
00:53.120
active,
which
it
still
is,
I
think
there's
hope
that
we
see
a
little
bit
of
a
breakout.
The
objective
from
that
would
be
about
$68
per
barrel
over
the
intermediate
term.
And
of
course,
there
are
companies
that
would
stand
to
benefit
from
such
a
break
out.
We've
already
seen
some
Katie Stockton (Founder and Managing Partner)
01:09.000
rotation
to
the
benefit
of
the
energy
sector.
The
relative
performance
hasn't
been
great
for
the
sector
overall,
but
we
have
seen
some
of
the
individual
stocks
gain
intermediate
term
upside
momentum.
At
a
time
when
technology
and
other
sectors
are
losing
upside
momentum,
so
Katie Stockton (Founder and Managing Partner)
01:24.160
that's
intriguing
to
us.
We
know
that
the
energy
sector
as
a
as
a
whole
can
act
differently
from
the
broader
market.
So,
especially
for
folks
that
think
maybe
the
broader
market
is
losing
some
steam
here,
energy
might
be
a
good
option
for
them
with
this
potential
catalyst.
So,
Katie Stockton (Founder and Managing Partner)
01:39.920
I'd
highlight
SLB
is
one
chart
to
look
at.
We
have
a
long-term
turnaround
that
appears
to
be
underway
for
that
chart.
So,
SLB
has
a
base
breakout
following
a
long-term
downtrend,
and
I
think
that
acts
as
a
nice
catalyst.
There's
pullbacks
underway
right
now
in
the
sector.
So,
I
Katie Stockton (Founder and Managing Partner)
01:56.600
think
within
the
next
couple
of
weeks,
we'll
have
a
nice
entry
point,
that
brings
support
levels
in
line
with
resistance
levels
already
having
been
cleared.
Targa
Resources,
TRGP
would
be
another
one
to
take
a
look
at.
This
is
a
secular
uptrend
still,
but
within
that
context,
we
Katie Stockton (Founder and Managing Partner)
02:12.640
saw
a
cyclical
down
move,
a
basing
phase
and
a
breakout
there
as
well.
Now
that
former
resistance
for
Targa
should
become
support
going
forward.
We
also
like
Halliburton,
Exxon
Mobil,
there's
a
lot
of
names
that
to
us
are
poised
to
benefit
from
that
kind
of
breakout.
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Katie Stockton (Founder and Managing Partner)
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