Where is price of Oil headed in 2023? HSI back in bull market
@Lionel8383:
The energy sector was the top performer for the stock market in 2022, which perhaps also helped to protect the draw down of the S&P 500 (down around 19%) vs the Nasdaq composite (down more than 30%). The relative one-year performance of the energy sector was 31%, while the other sectors all gave negative returns in 2022, with technology, consumer discretionary and communication services suffering a drawdown of more than 35%. Sector performance 6 months and one year US Oil headed for $65? US Oil Daily Interestingly, the price of US Oil has been on a constant downtrend since its peak in June. In July and August, it failed to break above the 50 daily moving average, while in early October and November, it created a double top at $92, trapping any bulls on oil, before breaking below the 50