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Image source: Getty Images The stock market continues to trade near all-time highs, leaving investors and economists alike wondering if another market crash or correction is on the way. But my solution? Stop worrying about it. Whether a market crash happens or not is pretty much irrelevant if you don’t plan on taking your cash out any time soon. Instead, look to companies that are fantastic holds right now for your future investments. Oil and gas stocks are exactly that solution. Top stocks among oil and gas The oil and gas sector remains undervalued as of writing. The industry has struggled over the past few years, and it became even worse when the market crash happened in March 2020. Today, the sector remains undervalued for several reasons that, of course, are not going to disappear overnight. ....
RSI pullback buy setup suggests buying opportunity in ONGC Entire bullish view negates on breaching of a crucial support and one should exit from long position in ONGC. January 24, 2021 / 07:56 AM IST RSI stands for Relative Strength Index. It is a momentous oscillator used to identify trend reversal. RSI was invented by Welles Wilder Jr. The default look-back period for RSI is 14, however this can be lowered to increase sensitivity or raised to decrease sensitivity. RSI calculates strength of stock trend and helps to predict their reversals. Why to Buy Oil & Natural Gas Corporation (ONGC)? There are a lot of trading strategies using RSI; below mentioned is one of the most popular among trading community which involves buy after completing retracement for higher movement.During the last few days, RSI had given a breakout by trading above 50 levels from below and made a high of 78. Thereafter, it is trading lower or retracing towards centre line placed at 50 ....
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Now, the oil market, everybody who s trading oil right now knows this, okay? and the oil market is sitting here, already, without any supply coming out of the market, up close to 15% on the year, already. now, if you are an oil trader, there is no reason for you to sell oil and do anything else besides buy oil. the oil market is, in fact, on a trajectory to give us $5 in the summertime, for sure. if this is not resolved diplomatically by july 1st, and if the israelis lose their patience, which in a lot of ways, you ve talked about it earlier on the show, they have a likelihood of doing, you re looking at $7 gas. these are realities for the obama administration they have to deal with now. elise? what if there was more pressure for the eu to stop with iranian oil earlier, not july 1st? what would happen? what was happening is that was what was intended originally and what in fact happened, they put off the date until july 1st because the greeks, who were clearly under a tremendous ....