Trading Oil Stocks 2015

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Trading Oil Stocks 2015

By www.ProfitableTradingTips.com Trading Oil Stocks 2015

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 If you are trading oil stocks and waiting for a rebound you may need to wait quite a long time.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Investor placewrites about the recent mini rally in oil stocks and asks if the gusher is about to run dry.

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http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 after bottoming out around the $60 level on sept. 29, shares of the energy spdr (xle) which is comprised of the top oil stock names like exxon mobil corporation (xom) and chevron corporation (cvx) have been on a major bull run, moving up nearly 15% over the past eight trading sessions.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 this easily outpaced the gain in crude oil prices during the same period (10%), as oil prices briefly hit the $50 level on friday before retreating.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 shares of xle finally showed some weakness on friday, though, closing lower by 45 cents after trading higher earlier in the session.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 from a technical standpoint, however, xle is getting into overbought territory, with 9-day relative strength index readings over 70 for only the third time over the past two years.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 fundamentally, the weaker dollar and concerns out of syria have provided a short-term positive backdrop for oil stocks, but longer-term, oversupply concerns still are still the predominant theme.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 This last point is the most important if your trading of oil stocks is anything but very short term.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 The global economy is in the doldrums and U.S. and Saudi oil production are both strong.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Supply trumps demand and prices will remain low for the foreseeable future.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Global Crude Glut

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 When can those trading oil stocks look to see the price go up?

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 It will be at least a year. the wall street journalwrites about reports of aglobal crude glutwell into 2016.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 the international energy agency, which represents some of the worlds largest oil consumers, said tuesday that oil demand will slow next year while an expected return of iranian crude to the market will add to the oversupply.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 the market may be off balance for a while longer, the paris-based agency said in its monthly report.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 The one factor to keep in mind is the escalation of violence in the Middle East.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 If the current push by Syria, Hezbollah, Iran and Russia to regain ground for the Assad regime gets out of hand the ever-twitchy Middle East could become more unstable and that could cut oil production.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 At the same time all-out war in the Middle East would also further hurt the world economy and drive down demand.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 The China Card

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Chinese exports are down a few percent for last year but imports are down more like twenty percent.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 If the Chinese economy slows faster than expected it will further reduce demand for crude oil.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Those trading oil stocks need to keep up with the melodrama of Chinese economic reports.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 Bloomberg asks if we really knowhow bad the Chinese economy is doing.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 China is referred to as a company masquerading as a country where investors can get in but not get out and where the investment premium is not worth the risk. Investors expect a distress cycle that will be painful.

http://profitabletradingtips.com/profitable-trading-tips/trading-oil-stocks-2015 All of this being the case with the second largest economy in the world those trading oil stocks for the time being should be looking for low prices for at least a year.