Remember when oil prices shot to the moon amid inflation scares and the Russia-Ukraine war? Crude topped $130 a barrel as the national average gasoline price eclipsed $5 a gallon. Talk of $200 a barrel was making the rounds, and the drumbeats of doom were deafening.

And then, oil topped, and the entire thing unraveled.

And I do mean the entire thing. Oil is back to the mid-$70s, where it began the year. Simultaneously, the AAA national average gasoline price has roundtripped to $3.42. You’ll find the stats featured in the Chart of the Day below.

These are all good things for the fight against inflation.

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Trading for Beginners: How to Swing Trade Long Calls [FREE Webinar]

Long calls are a speculator’s best friend. They provide a low-risk, leveraged path to outsized profits when bullish. Come learn the best practices for implementing this powerful strategy and start profiting from it like a PRO.

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Chart of the Day: Gasoline Prices Tumble

Would you have dared hope that gas prices would return so quickly to 2021 levels at the height of the ballooning prices in June?

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Tales of a Technician

Does Technical Analysis Work on the VIX?

In theory, technical analysis should work on just about anything with a price driven by supply and demand. But what about using it on implied volatility? Does it work the same way? Come find out.

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

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