The Sterling Weekly for the week of December 27th , 2010 is now available. A copy of which can be viewed (here). In this week's edition of the Sterling Weekly, I take a look at at the results of our forecasts in the Sterling Weekly during 2010 to see how they faired. I would like to think we did fairly well. Please check out this week's edition and see how we did.
If you are looking for today's edition of the Sterling
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Amex
Oil Index 'XOI'
Description:
The Amex Oil Index (XOI) is
a price-weighted index designed
to measure the performance of
the oil industry through changes
in the prices of a cross section
of widely-held corporations
involved in the exploration,
production, and development
of petroleum. The XOI Index
was established with a benchmark
value of 125.00 on August 27,
1984. Additional information
on the 'XOI' can be obtained
from the American Stock Exchanges
product specification page (here.)
Our
Analysis: posted
January 16th, 2006. If the
'XOI' closes above 1,091.02
then the 'XOI' will have completed
a cup pattern with a measured
move to 1,269.41 Our opinion
on the 'XOI' was discussed
in greater detail in the January
16th edition of the Sterling
Weekly. With respects to the
price of Oil, I am expecting
it to continue to move higher
and test $69.82/barrel. If
it closes above that level,
then I am looking for an upper
price target of $83.50/barrel.
Note:
In case you are wondering
about my track record with
the price of oil in the past.
In the March
7th, 2005 edition of the
Sterling Weekly with oil in
the mid $40/barrel range I
forecast that oil would move
to $64-$69/barrel. In the
August
29th, 2005 edition of
the Sterling Weekly following
Hurricane Katrina I wrote
that the price of Oil might
"hit $70 barrel, but
that should be about it."
I stand by what I've wrote
and it is there for you to
read.
January
25th, 2006: A Comprehensive
Technical Analysis of the American
Stock Exchange Oil Index 'XOI'
Available to subscribers &
trial subscribers (here)
January
16th, 2006: A look at
the XOI in The Sterling Weekly.
Available to all (here)
August
29th, 2005: Comments
on the price of oil following
Hurricane Katrina. (here)
March
7th, 2005:
Comments on the price of oil.
With oil in the mid $40's I forecast
a move to $64-$69/barrel which
was reached 5 1/2 months later.
Read it (here)
A
full list of all the indices tracked
by Sterling Investments can be
found (here)
