Long HAL - Long Oil
Updated
Whats up Traders -
Looking out here at a 'swing trade'.
I'm fully expecting:
Long Halliburton / Oil is a solid low risk - high reward play here IMO.
Looking out here at a 'swing trade'.
I'm fully expecting:
- oil prices to rise
Production to stay curtailed
The Iranian sanction lift to go off without a bearish pressure on the oil industry.
Summer Demand / increasing demand to cause shortages
Prices to Spike
Oil Companies profit outlooks to rise
Long Halliburton / Oil is a solid low risk - high reward play here IMO.
Comment
Idea is holding strong - be on the look out for rising oil prices.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.