General Stock Ideas

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Crude Oil Stock Chart Buy Alert

Investors and stock traders need to listen up. The crude oil stock chart is a screaming buy for a near-term bounce. Crude oil hit key near-term technical chart support today around $52.00. In addition, this is a major time count which adds to the odds of a solid multi-day sharp bounce. Investors and stock traders have an opportunity to buy the commodity itself, ETF’s or options for the bounce. This bounce should last between 3-5 trading days and net as much as 10% on the commodity.

The fall on crude oil started with tensions between the US and Iran calming and has ended with major fear of economic decline due to the coronavirus. With panic high, oil has fallen sharply and investor sentiment has swung too far to the sell side. The bounce should begin today or tomorrow.

See the chart here: https://inthemoneystocks-4977.kxcdn.com/wp-content/uploads/2020/01/Oil01.27.2020-768x651.png(58 kB)



Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com