CRUDE OIL WTI

[thommilner]

Has anyone noticed that the royalty price per barrel has remained in the 50's while the futures advance. I can no longer predict a royalty check's total. Why is there such a spread between royalty bbl price and the market's price? I'm not participating in this rally. Any help?

[Ken Kremsky]

Oil is in a upside pattern and should see gains over the next three months.

[ITMS]

Crude Oil Hits Major Pivot Support, See Which Energy Stocks To Buy

Crude oil traded near $67 just a week or so ago. In quick fashion, the commodity collapsed hitting a low of $58 this past Friday. This level was a major pivot and downside target as discussed in my previous article last week. With this pivot/target being hit, investors can start accumulating oil stocks/energy stocks for a snap back bounce. The best of breed stocks should be the first bought. Chevron (CVX) and Exxon (XOM) are my two favorites. Both have fantastic dividends and are discounted sharply from their 52 week highs, not only from the oil drop but also the market collapse. I expect oil to snap back to $63 as a target with Exxon heading to $80 and Chevron popping back to a target of $120.00.





Gareth Soloway
InTheMoneyStocks

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