BeaconEquity.com announces the publication of an article covering revisiting the oil trade.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
"Oil analysts at South African’s Standard Bank stated in their report the March futures contract held above the low of $32.40 set in the expired December contract, and settled above the important technical $38 level. ‘That’s a good sign that a bottom may be forming,’ stated the report to the bank’s clients.”
Oil prices rise as equity prices fall this past week:
“The price of oil has taken on characteristics of independence this past week, bucking the previous trend of following equity prices lower as hedge fund managers unwind leveraged positions out of the once darling investments and into desperately needed cash … The sudden uncorrelated price action between equities and the price of oil raised eyebrows and discussions last week of tight oil supplies reminiscent of the good old days when Goldman Sachs analyst Arjun N. Murti was catapulted to icon status for his presciently accurate price forecasts of light sweet. Murti’s prediction of $200 has yet to be achieved, but many close to the oil story believe at some point $200 will appear cheap in retrospect..”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
