Couple weeks ago we started to look at gold after we have observed a possible near term bottom type of price action. Today, we will take a look at the oil or black gold. Oil appears to have put in a near term bottom that might present some near term swing long trades along with some of the energy stocks.
In this video, we will take a look at some of the price action and potential swing long price target for oil ETF, USO and some energy stocks such as MRO, XOM, CVX, COP, OXY, APA, BP, DVN, SLB, NOV, CHK, FANG, UPL, BTU, WLT, ANR, CLF, KOG, HK and SN.
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Disclosure: Long USO.
