InvesTech - Chart of the Week - 01/19/10
Charts courtesy of James Stack InvesTech Research

Oil prices edged down slightly this past week to just under $80 per barrel. Seasonally cold weather, lower inventories, and heightened geopolitical tensions have kept prices elevated. Over coming months, the direction of crude prices will also be impacted by the pace of the global economic growth. Stay tuned for new updates.

The U.S. dollar remains firm as encouraging signs of an economic recovery continue to emerge. We will be watching this key economic indicator closely in the year ahead..


