quote:Originally posted by g-man:quote:Originally posted by bfw:
Well, the analysts seem to be coming around on oil.
Meanwhile, the equities have had a good week. They’ll be overbought short term but the trend is set for higher prices this summer.
I’ve just about finished rounding out my positions for the bull run.
haha this guy again.
"I think in 2017 june oils' going to be 75$ bla bla bla black swan"
one takes a look at oil charts in 2017 june? 44.45
As with equities, they were oversold, strong earnings to start brought them back, but there seems to be noise as the later earnings seem to falter a little.
That would be them fairly efficiently priced. This market at this day is neither overbought nor oversold.
The energy rotation from tech seems to be gathering steam as I figured.
all with good gains over the last couple of weeks while the overall market has faltered.