10-16-24 Why Oil Prices May Continue to Decline
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Description
We previously added exposure to Energy stocks when they were all beat up, and following a correction in oil prices, we expected to see a pick-up. That has happened. As oil prices go up, so do interest rates because of the impact on inflation expectations from higher oil prices. That rally became very over extended and has now flipped with news that Israel will not attack oil fields in Iran. That, in turn, has triggered a fairly high-level MACD Sell signal, suggesting that oil prices could retract further over the next several months. That translated into a sell-off in Bond yields. The buy signal is also at very high levels; that doesn't mean we can't see a correction even though we're in a very bullish environment. In fact, a correction back to the 20-DMA would not be surprising. 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=x-MtU1GsZy8&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/ #OilPrices #EnergyStocks #BondYields #BondPrices #InterestRates #IsraelIranWar #BullMarketRisk #SeasonalBuySignal #CPI #CPITrigger #Inflation #MACD #MarketRally #MarketBounce #MarketRisk #Overbought #MarketBullishness #MarketVolatility #20DMA #50DMA #100DMA #InvestingAdvice #InvestingThesis #Money #Investing
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