Source: VantagePoint Intermarket Analysis Software
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- 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.
