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Strategies & Market Trends : John Pitera's Market Laboratory

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To: pcyhuang who wrote (14260)7/3/2013 11:08:16 AM
From: John Pitera  Read Replies (1) of 33421
 
We have not looked at Crude Lately so lets have a look I'll start of with the 3 year weekly with some Proprietary Indicators:



Next the 1 year



and then this is interesting as we have the set of the 21, 50 and 200 Day SMA and I have the $USD index and the EUR.JPY Cross on the same chart as the price.


I

think one take away is that Crude has been one of the overall least volalite markets this past year and it shows that the Global Energy firms and the Market does not know if we have an economic expansion or exconomic contraction of any significant magnitude on the horizon and also does not know if we are going to have significant inflation or deflation.... although it's trending higher and CRUDE well as Gold are currency proxies to a much greater degree than other commodities and other assets..

John
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