Energy and commodity stocks at major support levels

With the price of oil continuing to crash lower over the past few days I have received an avalanche of question from clients and readers. The majority of question focused around where I think the price of oil might begin to sstabilize and thus where oil and other commodity-related stocks may become “bargains” again. While there is likely no simple answer to these questions, a look at some charts can give us some much-needed perspective. For if we don’t know where we stand it’s difficult to “forecast” where we might be headed in the price of oil and related stocks in the near to medium term. We are getting increasingly close to revisiting the 2009 financial crisis lows in oil and related stocks.


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