mardi, août 12, 2008

Oil and he stock market

Since 2002, there seems to be a strong correlation between the stock market (SP 500-black line) and Oil (WTI-red line).
In fact the stock market leads WTI by 1 year.
If history is guide the chart below implies a relief rally for oil before going back to 100$.


"click on the table to enlarge"

Aucun commentaire: