To return to the $70s level?..It appears that even though PBR is recovering somewhat from its recent lows that it still doesnt appear to have the forward momentum that it had in the recent months..Any thoughts?..TIA and good luck to all..
Expect a sharp spike on or about July 9/10- a week before PBR options expire (17th July).PBr to cross $77.
Earnings season will begin on July 8 with Alcoa and oil companies will report on the week of July 21.Check exact dates on briefing.com....So I guess prices will slowly rise and remain volatile as big oil will report huge earnings.hero
It's actually trending right along its 50 day EMA which is a really good place to be right now. Should be back to 70s in the next couple of weeks. Oil will be around 150 by July 4th.
I doubt it will go below EMA-50 because bank stocks are already low. Even if it goes down, it will rebound very fast.hero