InvesTech - Chart of the Week - 07/18/11
Charts courtesy of James Stack InvesTech Research

Crude oil prices are moving sideways in the mid-$90 range as debt problems continue both here at home and in Europe. Going forward, the overall outlook for global growth will continue to have an important impact on the price of oil and we’ll be watching crude prices closely in the months ahead.

The U.S. dollar is stair stepping upward from its recent low. If the U.S. economy manages to remain on stable footing, the Fed will have some leeway to pull back from its current easy-money policies. If so, this could further help support the dollar. Stay tuned for updates.


