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Is Oil Going to $105/bbl?

(1/19/22) Goldman is looking for oil prices to go to $105/bbl--possible? Supply-demand imbalance dynamics and strong economic recovery forces could impact demand, causing prices to rise....but...would that last later into the year? Energy Stocks are now trading three standard-deviations above their 50-DMA. However, money flow indicators are over-bought, and close to triggering a sell-signal which could precede a pull back. That's why we thought taking a bit of profits from our energy stock holdings yesterday made some sense. Of note: Historically, when the Fed begins a rate-hike campaign, oil prices tend to decline, thanks to the depressive nature of higher rates which extract liquidity from the market place. With the Yield Curve already beginning to flatten, we're expecting an economic recession sooner than later, impacting energy demand and oil pricing.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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#OilPrices #EnergyStocks #YieldCurve #FedRate #interestRate #Markets #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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