Daily US Stock Market Fundamental & Technical Analysis

Visit Masters "O" Equity

Strike 2 To Oil!!!

Posted on May 14, 2008

FUNDAMENTAL ANALYSISA sharp decline in auto sales released by the retail sales numbers yesterday was strike 1 to oil as it definitely suggests a cut back in energy usage by the US consumers. The CPI numbers today, which was better than expected, also suggested that energy consumption has declined significantly as energy inflation remains flat. How is that possible? Supply and Demand! What causes prices to remain stagnant when supply is short? A DROP IN DEMAND! All these data proved that energy conservation is now the theme of the day for US consumers and that a dramatic move down the demand cu...

Original article link


crude , economy , inflation , oil , overbought , oversold , short term