About this episode
A fairly big correction in Oil Prices over the past few days is now setting up for an opportunity for investors to take profits and rebalance energy portfolios, which are by necessity tied to the price of their underlying commodity. OPEC's decision to allow more production to come online has pushed oil prices down. Oil prices are sitting on support that goes back to February of this year. A bounce in prices will allow you the opportunity to rebalance energy exposure. We're looking for a rally in oil prices to between $76 to $77/share. However--a continuation of slower rates of economic growth could have an effect on commodity prices to the downside. 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=pO4--VWfnsQ&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/ #CrudeOilRally #OPECProduction #EnergyStocks #CommodityPrices #PortfolioRebalancing #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing