crude beating the other components of the big 7 model


We last looked at WTI Crude relative to Natural gas and concluded that crude would be outperformed by natural gas. Today we look at the weekly price of WTI Crude and as you can see it has broken up through resistance around the $105 level which allows it to test 112.20 and 114.80 and if it beats the latter it could move up to test the previous eak at 147.30. Also interesting is that on the InvesTRAC short term Big 7 Comparative Performance model crude is beating the other other six components namely DJIA, TBONDS, USD INDEX.