Home > Boards > Commodities > Energy > CRUDE OIL WTI
Followed By 44
Posts 1644
Boards Moderated 1
Alias Born 10/13/2009

Monday, February 12, 2018 10:15:30 AM

Re: None

Post# of 10
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

Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it intends to Release its Financials by August 19, 2022 NUVG Aug 11, 2022 11:11 AM

AXTG Partner with Save Planet Earth to digitize and plant 100 million trees with NFTs AXTG Aug 11, 2022 10:15 AM

PURA Announces New Development Expanding Cannabis Market Opportunity PURA Aug 11, 2022 9:34 AM

Pasithea Therapeutics Announces Results of Preclinical Study Demonstrating Tolerizing Vaccine Efficacy in Relapsing-Remitting Model of Multiple Sclerosis KTTA Aug 11, 2022 8:35 AM

SinglePoint Acquires Frontline Power Solutions, a Multi-State Licensed Energy Services Company SING Aug 11, 2022 8:30 AM

Pacific Booker Minerals Inc. Announces AGM Results and Project Update PBMLF Aug 11, 2022 7:30 AM


ResGreen Powers Up - Introduces Wireless Battery Charging for its Fleet of Mobile Robots RGGI Aug 10, 2022 10:53 AM

Kona Gold Beverage, Inc Signs New Distribution Partners in California, Illinois, and Nevada KGKG Aug 10, 2022 9:00 AM

Investing in Quantum Computing: What Every Investor Needs to Know GOOGL Aug 10, 2022 8:45 AM

New Drugs in Pipeline for Hypertension, the Silent Global Pandemic BMY Aug 10, 2022 8:45 AM

Mill City Ventures III, Ltd. provides 2nd Quarter Fiscal 2022 Guidance Revenue Increased 83% year over year and 83% for 6-month period MCVT Aug 10, 2022 8:44 AM

Branded Legacy, Inc. Cancels Another 60 Million Common Shares BLEG Aug 10, 2022 8:30 AM

Defiance Discovers Blind Silver System At Lucita DEF Aug 9, 2022 10:31 AM

USMJ Announces New York Adult Use Cannabis License PURA Aug 9, 2022 10:21 AM