Oil Creeping Higher -- At What Price Does It Start to Choke Growth?
The daily oil chart shows that oil has been in a rally since early December. Currently, prices are above the 200 day EMA. All three shorter EMAs have moved through the 200 day EMA, and all shorter EMAs are rising. Volume is supportive. While the CMF is very bullish, the MACD is weakening a bit.
A move through the 98 price level makes 100 the next logical price target.
So -- at what price does oil start to choke off recovery?
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The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.