Hello MarketClub members everywhere. Well, it looks like we will all be paying higher prices at the pump over the holiday season. On 22 November, a weekly Trade Triangle kicked in on February crude oil (NYMEX:CL.G17.E) $49.96 indicating that prices were headed higher. This morning crude oil is trading at $54.60 and appears to be headed to the $60 range in the near term.
Technically speaking after hitting a low of around $36 a barrel in early January 2016 this commodity has seen a remarkable comeback. Energy is an essential element in the economy not just for industries but also for consumers. However, we are still half the price we were just a few years ago and that is a good thing. In today's video, I will be analyzing crude oil and show you exactly where I think this market can go in the near-term and the long-term. Continue reading "3 Energy Stocks That Are Good To Go"
