A good article on oil and oil related stocks - low risk/reward
trade with Oil and OIH at trendline support.
Also, it looks like USO is back testing its broken downtrendline
with the big down day Fri - good entry it seems - likewise for oil
and gas stocks - see XTO. CLR etc - testing support after breakout
- with all the talk of Fri's big sell off, could be a good time for
a contrarian play...
OIL rally this week?
Posted by kevmars on 24th of Aug 2008 at 04:46 pm
http://seekingalpha.com/article/92249-three-charts-to-ponder-oil-services-oil-and-the-pound
A good article on oil and oil related stocks - low risk/reward trade with Oil and OIH at trendline support.
Also, it looks like USO is back testing its broken downtrendline with the big down day Fri - good entry it seems - likewise for oil and gas stocks - see XTO. CLR etc - testing support after breakout - with all the talk of Fri's big sell off, could be a good time for a contrarian play...
Bet your right or at
Posted by arl3080 on 24th of Aug 2008 at 06:45 pm
Bet your right or at least close enough