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re: Oil stocks...are you buying?
Posted on 2/5/16 at 4:16 am to LSU1NSEC
Posted on 2/5/16 at 4:16 am to LSU1NSEC
Is there a consensus on if it will take another drop or if that was the bottom a couple of weeks ago? I am not understanding this rally, reports keep showing higher surpluses and weakening economies but energy stocks keep rising.
2
Posted on 2/5/16 at 6:07 am to GREENHEAD22
Isn't the dollar losing strength? That can make up a lot of difference alone.
This post was edited on 2/5/16 at 6:08 am
Posted on 2/5/16 at 8:40 am to GREENHEAD22
quote:
Is there a consensus on if it will take another drop or if that was the bottom a couple of weeks ago? I am not understanding this rally, reports keep showing higher surpluses and weakening economies but energy stocks keep rising.
Sorry, didn't see your post. Not sure there's consensus right now. Lot of different projections from what I'm seeing.
I'm looking at the moving averages on oil stocks right now. Looks risky still from that viewpoint.
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