- Stock Market's Three-Year Rally Has Fed to Thank
- Government Bailout Actually Hurt Housing Recovery: Zell
- What the New 401(k) Rules Mean for Your Savings
- Companies Finding Older Workers to Be More Reliable
- As Mortgage Refinancings Surge, Banks Struggle
- New York Housing Market Could Still Collapse: Analyst
- 12 Unique Dating Sites
- College for Free? There's One Place Where You Can
- Santorum's Three Victories Revive White House Hopes
- Forget the Earnings, Disney’s Issue Is the Multiple: Analyst
- W Hotels 'Fashion Next' Partnership to Hit the Runway
- Drug Stocks Do Well in ‘Gloom and Doom’ Market: Analyst
- US Auto Industry Made Stronger by Increase in Exports
- Christakos: Getting Ready to Retire? Start by Rightsizing Your Home
- Stocks on the Move Now: Caesars Entertainment Soars
- 6 Stocks Unworthy of Biotech Bull Market
- Morici: Curb Trade Deficit, Rev Up Oil to Engineer More Growth and Jobs
- Disney’s Earnings Beat; CEO Bob Iger Talks Piracy, Parks
MOST SHARED
- If The Federal Reserve Is Abolished, What Then?
- Stock Market's Three-Year Rally Has Fed to Thank
- Shares Close Mixed on Further Greek Talk Delays
- New York Housing Market Could Still Collapse: Analyst
- Caesars' Wild Open
- Money in Motion: Playing the Euro Now
- What the New 401(k) Rules Mean for You
- US Auto Industry Made Stronger by Increase in Exports
- Government Bailout Actually Hurt Housing Recovery: Zell
- US Mortgage Applications Jump on Refi Demand: MBA
MOST POPULAR
HOT ON FACEBOOK
Charts Predict: Oil on its Way to $20
Text Size 
Crude oil prices will rally in the near-term, but then investors will see another sharp selloff that will take crude back down to seven-year lows, according to one technical analyst.
Looking at the chart for light, sweet crude, prices will rise to $76 to $80 in the next two months, Dick Otto from Matrix Asset Management said Friday. But then another slide is expected.
"What we seen when we look at the move down from $130 to $50 is an impulsive wave," Otto said.
After the near-term rise, the next wave will also be "impulsive," with prices touching the 2001 bottoms of about $20.
Once prices reach those levels, "we have completed the correction down and then we will find, in the next four to five years after that, an up market," he said.
Looking at the Dow Jones Industrial Average, volatility will go down through the end of the year, but the trend will be down again starting in 2009, Otto added.
- These will help you file expenses, sign documents, process orders, book a cab and more.
- Former US senator Rick Santorum rejuvenated his campaign with a sweep of three nominating contests.
- We've put together a list of the world's 15 best cities to live in. So which cities made the list?
- For those thinking of retiring, one step is to rightsize your house now, says our guest blogger.
- It's now more expensive to lease office space in Beijing than in New York.
- It is hard to believe that so many people are clicking on Facebook. That’s because well, they aren’t, exactly.
Data is a real-time snapshot *Data is delayed at least 15 minutes
