Oil futures are below $50 a barrel despite analysts this morning talking up oil prices. At times they seem desperate in their dialogues with commentators as if even they do not understand the fluctuations in oil.
I don’t see how oil can just keep climbing without some pullbacks. I would think any analyst would understand that nothing goes straight up.
Oil was bound to fall below $50 and now we need to see if investors can hold oil at these levels or if it will have to fall lower to find support. I think it will recover back above $50 at some point.
Here are some of the trade ideas and trade alerts for the morning on October 13 2016 for Exxon Mobil Stock (XOM)
This latest anaylsis of Exxon Mobil Stock and latest trade is for FullyInformed Members.
Exxon Mobil Stock Down To 200 Day Moving Average -Oct 13 2016
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