NEWS
Darin Newsom DTN Senior Analyst
Thu Apr 18, 2013 09:40 AM CDT

Crude Oil Trending Sideways, For Now

There is a great deal of movement in the markets these days. Gold dropped almost $150 in a day, the Dow Jones Industrial Average yo-yoing triple digits (down one day, up the next, and so on), and crude oil diving quickly from its recent highs. But a look at the latter's long-term continuous monthly chart shows the big picture for one of the Three Kings of Commodities is far less dramatic.

With crude oil one only has to go back to 2008 to see the stage was set for a sideways market. After posting ...

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