Market Overview

Morgan Stanley Thinks Bearish Headlines Are Priced Into Oil Already, Expects More Upside On Coming Positive Headlines As Short Squeeze Takes Place

Share:
Related USO
Todd Gordon's Oil ETF Trade
OPEC's Influence In Dictating Oil Prices Has Eroded, Analyst Says
Banks Gain, But Gold Dips; Which Big ETF Is In Buy Range? (Investor's Business Daily)

Bullish Catalysts for Oil Are:

  1. China stimulus,
  2. Stability in China FX or confirmation on direction of US rate hike,
  3. If Rig Counts start falling again, declining US Supply become dinner table talk again,
  4. Easing in OPEC production,
  5. Any form of "Emergency OPEC Meeting" headlines,
  6. Congressional vote against Iran deal - could undermine confidence in success of the deal,
  7. Data showing resilancey in US GDP.

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (USO)

View Comments and Join the Discussion!