Short oil: March 16th, 2009
March 16, 2009 – 10:24 amI have flipped through many oil related charts and even though there are a few good ooking longs, potential shorts outnumber the longs by a mile.
Oil has been doing great as of late, but we are entering a small zone of resistance. I have noticed that the market is looking for any reason to sell, whether it is news, technicals or psychological.
As far as charts are concerned, here are a few picks I have flipped through:
Devon Energy (DVN)
Oil Services Holders (OIH)
Exxon Mobil (XOM)
One Response to “Short oil: March 16th, 2009”
same here im looking at at oil shorts as well for now im just watching SCO and one of your plays exxon
By john on Mar 16, 2009