Crude Oil -- July 16th.
I just completed my weekly study of all my - Energy - Oil / Gas Indices, Sectors and Industries. Also, I review many Select Companies for clarity of the direction of this important arena of Investing.
This week's Commentary on - CRUDE OIL - covers my Indicators, both fundamentally and technically.
Results from my Study / Analytics:
Brent and West Texas Oil are tracking well. However, West Texas Light Crude is out-performing. A Pull-Back is in the making but "Hold" for a while longer.
If you own Crude Oil or Energy - Oil / Gas securities it is a mixed bag. There is and has meaningful hurt since my Initial Bearish Forecast - "Warning" for over two years now. Others, such a BIG Oil continues to be Holds.
Selectivity is what I preach and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "selectivity."
Have a good Week,