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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To: Drygulch Dan who wrote (121499)	3/9/2019 11:47:04 AM
From: robert b furman	Read Replies (1) of 221644

Hi Dan, That is very interesting that you say that. I have positions in both CVX and XOM. I've been concerned in the Macd is very extended and has been that way for quite some time. That being said MO is till good and price has dipped to the BB and Keltner midline several times before. I'm thinking a trade agreement with China would be suggestive of increased demand for oil and a bullish plus. Dollar weakness should also be the friend of commodity prices. I love to hear your view on the price of oil and these two blue chips that are offering an excellent yield considering their reserves and solid balance sheets. TIA Bob

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