Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (40809)	11/27/2012 11:04:06 AM
From: Keith Feral	Read Replies (1) of 218829

I think XOM and CVX still have another leg down from here. Lower oil prices should pull CVX back towards $100 and XOM to $85. I don't see any way that oil prices move much higher til next Spring. If it ain't going up, they will probably drag it lower. Fiscal cliff could be the only way to keep the dollar churning higher, absent higher interest rates.

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