Invisible Hand of Control In Crude Oil

The invisible hand of control is not restricted to the gold and silver market. The well-defined and recognizable money flow footprint can be found in the crude oil market.

Crude Oil (WTI) and Crude Oil Diffusion Index (DI):


Prices will continue to climb once the fuel is exhausted.

Headline: Oil slides and pump prices drop

Oil dropped more than 2 percent Monday as the dollar strengthened and an energy research group said it expected growth in Chinese demand for oil to slow later this year.

At the pump, gas prices continued to fall as oil retreated.

Benchmark crude for July delivery lost $2.44, or 2.4 percent, at $97.66 per barrel on the New York Mercantile Exchange in afternoon trading. In London, Brent crude gave up $2.62 or 2.3 percent, at $109.77 per barrel on the ICE Futures exchange.

Crude dropped as the dollar rose against other currencies. Oil is priced in dollars, and it tends to fall as the dollar rises and makes crude more expensive for investors holding foreign money. The U.S. Dollar Index, which measures the dollar against other major currencies, rose 0.8 percent amid concerns about Europe's debt crisis.