2010

The Hungry Dragon: China’s New Oil Market

If you ever happen to eavesdrop on a conversation between energy investors, two words are sure to crop up – China and oil. Usually, they’re used together and usually, it’s about China’s increasing presence on the global oil scene.
It’s a pretty safe bet that, as one of the world’s fastest growing economies, China needs a lot of energy. And with an oil appetite that grows by 7.5% each year, seven times faster than the U.S., the country’s reserves don’t even begin to compare to the consumption.

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DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line?

Moving averages are one of the most widely followed indicator in technical analysis.
Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support — a level where buyers reside.

DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line? Read More »

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