Energy Stocks May Be Ready To Surge
Elite Round Table | Oct 08, 2014 04:06PM ET
The United States Oil Fund (NYSE:USO) made a fresh low, Wednesday, then tagged an important support level on the charts. Meanwhile, Exxon Mobil (NYSE:XOM) was looking at a higher low on the daily chart -- an important milestone as it tells us that energy stocks, which have been down quite bit over the past 6 weeks, could see a good bounce higher from current levels. We have entered some select energy stocks and will enter more over the coming days when the best trades present themselves.
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