Commodities
Crude Oil Analysis For The Week Of February 13, 2012
The lack of follow-through to the downside led to a fast turnaround in April Crude Oil last week. Although the market closed higher for the week, it remained inside of the previous week’s range and therefore posted an inside week. This pattern often indicates impending volatility with a slight bias to the upside. Besides the limited range week, the market also ping-ponged inside of a retracement zone created by the main range of $114.87 to $75.92. These levels are $95.40 and $99.99. The longer the market stays hemmed inside of the 50… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,218.62 | 1,293.71 | 2,778.62 | 15.07 |
Oil *
99.54
|
|
DOWN
174.83 |
DOWN
16.62 |
DOWN
48.72 |
DOWN
0.74 |
10 Yr
1.51%
SPDR Gold
155.50
|
|
-1.41%
|
-1.27%
|
-1.72%
|
-4.68%
|
Data delayed 20 minutes |
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