The Fred Report - Weekly July 6, 2015
The Greek news appears to be front and center, as the no vote, plus the size of the vote, has created consternation as measured by a down U.S. stock market overnight. So far, at least, this represents an opportunity for us. A check of the indicators on oil suggest that prices should hold in this general area – i.e. no more than 1.50 down on the current contract or around 52/bbl, or 56/bbl on the perpetual contract I use, or around the 17.91 to 17.40 area on USO.
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