claydoctor

Oil $ versus IWM and HAL and XLY, 2011 versus now

Kort
FX:UKOIL   CFDs på råolja (Brent)
0
The price of oil going up acts like a tax against the consumer (XLY). Price comes down, glut on market, less demand, helps consumer but which comes first, chicken or egg here? Retail numbers out this morning, we will see. Note the spike in oil preceeds the drop on the market 2011. Different things in play then of course, but same principals apply. I think we are at VERY KEY LEVELS HERE FOLKS. Price of oil very representative of a lot of things, and maybe our focus should be on it, not the noise.
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