PUBLISHED BY INSTITUTIONAL ADVISORS
April 5th, 2009
Technical observations of RossClark@shaw.ca
Crude Oil - Preparing for an Advance to the High $50ís
Crude oil has now corrected from overbought readings above $54 back to the mid $40ís. Our short term oscillators are now oversold and into a slingshot position that can produce a low that will be capable of driving prices back up. The 150 day moving average (currently $60.60) should offer important targeted resistance as we move into the seasonal highs of late-April to mid-May.
BOB HOYE, INSTITUTIONAL ADVISORS
April 5th, 2009
CHARTWORKS WEBSITE:: www.institutionaladvisors.com
The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each securityís price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk. Moreover, from time to time, members of the Institutional Advisors team may be long or short positions discussed in our publications.
|Home :: Archives :: Contact||
August 14th, 2020
© 2020 321energy.com