reasons to buy oil: storm harvey, venesuella storm, decreasing numbers of rigs, good inventories data
reasons to sell: all time high production, not so bulling report last week, i am expecting weaker report next week.
GILD is a value stock with cheap P/E. it broke downtrend recently and it may be a start of long uptrend. last 2 weeks were good volumes in this stock for an uptrend.
long with target price 75.9 before earnings. after earnings it could drop to 69 and if it holds 69 it can go up to 80.
