On the radar for this week are stocks that trade in the energy, oil and gas sector. The oil index declined pulling back to downside support for the second week in a row to the $95.43 area before ending the week trading higher.
Upside resistance for the crude oil at $115.05 but for now the index needs to break above the $105.08 in order to advance higher to the upside.
As the price of crude oil advances the stock to keep a close eye on are (GEOI) Geo Resources, Inc., (XIDE) Exide Technologies, (COG) Cabot Oil & Gas Corp., (EXXI) Energy XXI, Ltd.,(XOM) Exxon Mobile, (BP) BP Amoco PLC, (MUR) Murphy Oil & Gas, (GLNG) Golar LNG Ltd., and (CVX) Chevron Corp., to name a few.
By: Marlin Rolle