InvesTech - Chart of the Week - 12/06/10
Charts courtesy of James Stack InvesTech Research

Crude oil prices strengthened last week on an improving economic outlook in China and colder than expected weather. While prices are now above our target range of $60 to $85 per barrel, we’ll be watching this closely over coming months. Stay tuned for updates.

The U.S. dollar pulled back last week as European debt worries diminished and jobs growth, while positive, came in at a lower than expected level. Currently the U.S. dollar remains above 2009 lows, which gives the Federal Reserve leeway to implement a degree of monetary ease going forward. We’ll continue to watch this key economic indicator closely over the months ahead.


