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StockCall Early Morning Insight into Exxon Mobil, Encana, BP plc, and Total

 StockCall Early Morning Insight into Exxon Mobil, Encana, BP plc, and Total

PR Newswire

LONDON, March 19, 2013

LONDON, March 19, 2013 /PRNewswire/ --

The Energy Information Administration (EIA) earlier this year reported that
global crude oil consumption rose by an estimated 0.9 million barrel per day
in 2012 to 89.2 barrels per day. The growth in oil consumption was decent
given the weakness in the global economy last year. The EIA expects oil demand
to grow by 0.9 million barrels per day in 2013 as well. The outlook is based
on the fact that global oil production is expected to rise due to strength in
North America and demand is expected to remain soft due to weakness in the
global economic environment, especially Europe. Oil companies such as Exxon
Mobil Corporation (NYSE: XOM), EnCana Corporation (NYSE: ECA), BP Plc (NYSE:
BP), and Total S.A. (NYSE: TOT) can expect oil prices to hover around $90 per
barrel in 2013. Oil and gas stocks fell sharply on Monday as the broad market
finished lower for a second straight trading session. StockCall has issued
technical analysis and charting reports on XOM, ECA, BP, and TOT. Download
these free reports now at

http://www.stockcall.com/todaysopinions

Energy sector was among the worst performers in the S&P 500 on Monday. Among
the major losers in the sector was oil and gas giant Exxon Mobil Corporation,
which ended the day 0.67% lower at $88.77 on volume of 11.55 million. The oil
and gas giant's shares have traded sideways in the last two weeks even as the
broad market rallied. The stock has been struggling to break through $90
resistance level. Yesterday, Exxon Mobil's shares slipped below their 50-day
moving average, which is a bearish signal. The bearish trend is further
confirmed by recent volume activity and the stock's MACD chart. Download the
free research on XOM today by registering at

http://www.StockCall.com/XOM031913.pdf 

Shares of EnCana Corporation fell sharply in Monday's trading session. The
stock ended the day 1.87% lower at $19.96 on volume of 4.38 million. Despite
the sharp decline, the oil and gas major's shares have gained more than 5% in
the last three sessions. However, year-to-date, the stock has gained just a
little over 1%, underperforming the S&P 500. EnCana Corp.'s shares slipped
after failing to break through $20.50 resistance level. The stock's MACD chart
is still giving bullish signals. The stock is also trading well above its
50-day moving average. Sign up and have access to our free report on ECA at

http://www.StockCall.com/ECA031913.pdf 

Shares of BP Plc saw a sharp decline in trading yesterday, ending the day
1.02% lower at $40.66 on volume of 4.70 million. BP's shares have been trading
in a tight range over the past two weeks, struggling to break through $41
resistance level. The stock is trading well below its 50-day and 200-day
moving averages, which is a bearish signal. The stock's MACD is also trading
below the zero-line, further confirming the bearish trend. Sign up and read
the complimentary report on BP at

http://www.StockCall.com/BP031913.pdf 

Shares of Total S.A. slipped in Monday's trading session. The stock closed
1.59% lower at $50 on volume of 1.56 million, taking its losses for the year
to nearly 4%. Total's shares fell to an intra-day low of $49.73 on Monday. The
stock currently has strong support at around $49. It faces resistance at
around $51. The MACD chart for TOT is currently giving bearish signal. The
bearish trend is further confirmed by recent volume activity. The free report
on TOT can be downloaded by signing up now at

http://www.StockCall.com/TOT031913.pdf 

About StockCall.com

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SOURCE StockCall.com

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