OPEC in general has always been a poor organization at trying to control its members and supposedly the price of oil. Almost every meeting they have, they fail to get consensus among its members. I am not a politician but it sure appears at every meeting that all the members have their own agenda and want to try to keep money flowing in from over supplying oil.
Today’s OPEC meeting ended with them basically raising ceilings on supplies being pumped and shipped which is almost laughable, since most members are already over supplying beyond even the figures OPEC members supposedly agreed to.
Exxon Mobil December 2015 Trade Ideas
My outlook is negative on oil which means trading within Exxon Mobil stock and other oil stocks could be more difficult into the end of the year. This article looks at how I have traded in Exxon Stock for the past 2 decades and the upcoming trades until Dec 31 2015 in the stock.
Having a plan I believe is essential and this plan has worked in the past at securing profits, particularly during periods of weakness in the price of oil and Exxon Mobil Stock.
FullyInformed Members can review the latest Exxon Mobil Stock strategy article directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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