Morning chart- APA shows weakness!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

Chart below of APA shows it weakening to the downside as it has broken thru the 21 day ma (purple line) and the 63.50 area. target around 55-57.

Oil companies will be reducing their rig count as is is getting more difficult to export oil.

Traders who are bearish may keep an eye on this one as it may fall further.

Goldman feels that U.S. crude will likely drop to $40 a barrel near term.

Subscribers make sure you check out the new weekly summary in the service.

APA Chart:

Tickers: APA

Posted to Stock & Option Scout on Mar 09, 2015 — 9:03 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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