Energy sector is going to be hot soon
Oil companies still have room to continue rising and continue the trend that began at the end of October last year. After they reached a peak as of March, they have been on hiatus, but this, from my perspective, will not last long and we will see a continuation of the trend soon.
Likewise, I see it likely that oil prices will continue to rise in the following months until they reach at least $100 per barrel.
The oil companies with the lowest prices tend to rise the most, although a good way to capitalize on the trend would be to go for a leveraged ETF for the entire sector, such as GUSH.
Likewise, I see it likely that oil prices will continue to rise in the following months until they reach at least $100 per barrel.
The oil companies with the lowest prices tend to rise the most, although a good way to capitalize on the trend would be to go for a leveraged ETF for the entire sector, such as GUSH.
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