markettech's Commentaries

Jul 29 2009

VantagePoint's Opportunity of the Week - Energies

Intermarket Analysis

hm072909 Source: VantagePoint Intermarket Analysis Software To see more FREE recent market predictions for energies go here!

  • The market moved up 1715 ticks.
  • 1715 ticks = $7,203 per contract (About 6 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 oil and gasoline's intermarket relationships are evident in that crude oil accounts for 55% of the price of gasoline, while distribution and taxes influence the remaining 45%.
  • Gasoline is the chief single volume refined product sold in the United States, accounting for almost half of national oil consumption.


Tags: hot-market-watch
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