Technical Analysis of STOCKS & COMMODITIES
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ARTICLE SYNOPSIS...With the price of oil rising almost every day, one should be wary of investing in oil companies, yet the price of oil keeps rising offering opportunities.
ARTICLE SYNOPSIS...Schlumberger (SLB) was profiled about a month ago on Traders.com Advantage. At the time SLB broke falling price channel resistance (green arrow) and appeared headed for a breakout at 50. Well, the breakout came and quickly went as the stock failed to hol
ARTICLE SYNOPSIS...Despite a long-term uptrend, Schlumberger is trading near resistance from its January high, and waning momentum suggests that a pullback is in order.
ARTICLE SYNOPSIS...Having tested its 200-day exponential moving average three times since early August 2012, shares of Schlumberger Ltd. may be preparing for another swing higher into early November 2012.