InvesTech - Chart of the Week - 11/28/11
Charts courtesy of James Stack InvesTech Research

Crude oil prices have strengthened this past week on solid retail sales in the U.S. and concerns about unrest in the Middle East. Going forward, the overall outlook for the global economy will continue to have an important impact on the price of oil and we’ll be watching this closely in the months ahead.

The U.S. dollar remains firm as European officials continue to search for a solution to the debt crisis. With the Fed now on hold through mid-2013, it’s likely that the U.S. dollar outlook could hinge on deficit reduction efforts. Stay tuned for updates.


