This is somewhat a contrarian play as some pundits are betting OPEC won't slow down the flow of crude as oil prices sink well below $60 per barrell. The charts show buying activity and a near entry point in the coming days. As aways plan your trade with a protective stop so any losses are kept in check.
Buy Energy Stocks Before The Next Run!
Tuesday, 24. October 2006
Regular scans of the market using SwingTracker has shown energy as a sector that is on the move. Energy took a hit in September , but now the buying has returned. SwingTracker has identified NBL, BWP, DWSN,HAL as possible stock or option buys. These are fast trades that will require attention and may last a couple of weeks or a few months. It's not possible to know what any market is going to do next, but we can know what we're going to do next based on market action.
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This is somewhat a contrarian play as some pundits are betting OPEC won't slow down the flow of crude as oil prices sink well below $60 per barrell. The charts show buying activity and a near entry point in the coming days. As aways plan your trade with a protective stop so any losses are kept in check.
This is somewhat a contrarian play as some pundits are betting OPEC won't slow down the flow of crude as oil prices sink well below $60 per barrell. The charts show buying activity and a near entry point in the coming days. As aways plan your trade with a protective stop so any losses are kept in check.
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