markettech's Commentaries
Aug
6
2009
What's In Store for Oil?
by markettech
Overall Rating:
Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for energies go here!
- The market moved up 951 ticks.
- 951 ticks= $9,510 per contract (About 12 trading days)
- When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
- Crude prices moved up last week on optimism the U.S. economy, the world's biggest oil consumer, is recovering from a severe recession.
- Investors will be watchful for inventory data from the Energy Department's Energy Information Administration for more signs about crude demand.
Tags: energies
