iBankCoin
Joined Jan 27, 2008
6,907 Blog Posts

A Move Is Setting Up Here For Oil

The action in oil continues to impress me. A move above $55/bl and we could see a pretty significant breakout in prices. Conversely, a move below $51 and prices probably deteriorate into spring. My bet is for higher prices as I’m long $ERX in size. Our runner screen inside Exodus is also flagging many names within the industry, a few of which are worth watching below:

wti oas wft dnr swn wll__

Oil still remains in a tight range on a weekly basis. A move one way or the other is coming, and soon. Let’s keep a close eye on the action as we head into next week:

oil

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6 comments

  1. trashman

    SWN is almost entirely nat gas so is this a call for nat gas prices also?

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  2. Noni kavuri

    RC,

    Are you holding on to your $TWTR position?

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