Geopolitical Risk to the Oil Trade
Oil traders examine patterns, trendlines, moving averages, support levels and ceilings to increase their odds in the market. When they feel the odds are favorable, they'll take a position and hopefully profit. These techniques work until they encounter a "black swan" event.
When it comes to oil, a black swan event could be developing. It's in the Middle East, and it could be big. Investors holding positions in companies such as Exxon Mobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), Total (TOT) and similar firms might consider hedging their positions. Market reaction could be fast, and it could be dramatic....677 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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