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Oil& Gas Producers and Gold & Silver miners

           

For oil & gas producers, the price of WTI cruse is on the 50 day EMA, the % stocks above the 50 day EMA is now around 50% but the % above the 200% is near zero.    THe McClellan Summation index and its volume counterpart have just poked above zero.  But its still very much stage 4.

My summary (not shown) of gold / gold miner breadth had strengthend earlier in the week, but has dropped back a bit now.   On this time scale however, it all loos strong, noting however, that the McClellan oscillators have dropped back to or through the zero line.  % stocks above the EMAs seem to be stronger for a longer period than any time in the last two years.