6-11-24 Is Now the Time to Buy Crude Oil?
The Real Investment Show Podcast · The Lance Roberts Show
June 11, 20243m 1s
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Show Notes
Markets are essentially on hold for the next 48-hours until we get through the FOMC meeting starting today; results will be announced tomorrow. Markets are overly sensitive to rate moves and want to know when and how much the Fed will cut. Markets could move up or down, sharply, based on the Fed's announcement tomorrow. Meanwhile, speculative bets on Crude Oil have gotten extremely negative. A lot of traders are long on Crude Oil, which has been very quietly moving up, and has now triggered a MACD buy signal from a very low level. This should give oil stocks a bit of a lift. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=L-XpND3aEVE&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FederalReserve #FOMC #InterestRates #RateCuts #QuantitativeTightening #PortfolioRebalancing #20DMA #50DMA #100DMA #CruideOil #EnergyStocks #OPEC #InvestingAdvice #Money #Investing