January 12, 2015 – Stock Broker and Investor Steve Kalayjian offers insights into the price of oil and how it affects the market. Since June oil has declined $61 and today oil hit a low of $46.63 oil and on Friday January 9th, oil closed at $48.18. Steve’s price range has been between $40.00 and $45.00. Based on the projections that Steve has seen he feels early this week we are going to get one more push down in oil. If this is the case, there are three names to buy 1- (PVA) Pennsylvania Virginia at a purchase price at $4.50 and $5.50, (USO) an exchange traded fund, one that mirrors oil and look to purchase at $17.50 and $18.00, (UWTI) it is three times leverage oil Steve will look to purchase at $2.50 and $3.00 a share. There are two factors in oil that indicate a positive rally. The first is the significant oversold condition, the second are the divergences between the commodity of oil and the oil stocks. The stocks are not making new lows as oil did today. For Steve it is a clear sign that we are near or at the bottom. One more push means a huge opportunity for investors to buy these stocks.