Oil Stocks and the Price of Oil as a Forecast for the Stock Market
Friday, July 31st, 2009It took me by surprise!
I noticed that the Amex Oil Stock Index had recently broken out to fresh highs after moving above a 1? year congestion zone. The first thing I wondered was - what does this meant for the price of Oil?
Will it re-challenge its July ?06 highs of $79? And what would that […]