RoBTV Lunch Money with Bridgitte Anderson October 10
Oil Stocks: RoBTV Lunch Money with Bridgitte Anderson October 10
gains despite fall in price of crude..oil and gold giving back yesterday's gains..
right now what we're seeing is oil trading below $60, which was a good support level..where is next level of support..$55..we're in negative trend line..OPEC's president has sent letters calling them to support 1 million cut..the fact that Saudi Arabia has stayed quiet calls into question whether they can get all of the members together..targeting $65/barrel..when you take a look at trading value of oil, like to see >$60..we've already seen significant pullback..looking at crude oil chart, we had "devil's horns", double top, trend reversal..
oil companies will not be posting highest gains in 3rd quarter, financial sectors will be the best
gains despite fall in price of crude..oil and gold giving back yesterday's gains..
right now what we're seeing is oil trading below $60, which was a good support level..where is next level of support..$55..we're in negative trend line..OPEC's president has sent letters calling them to support 1 million cut..the fact that Saudi Arabia has stayed quiet calls into question whether they can get all of the members together..targeting $65/barrel..when you take a look at trading value of oil, like to see >$60..we've already seen significant pullback..looking at crude oil chart, we had "devil's horns", double top, trend reversal..
oil companies will not be posting highest gains in 3rd quarter, financial sectors will be the best
posted by Spelunca at 3:04 PM
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