Will Oil Stocks Breaks Above Medium-Term Resistance Line? – ValueWalk Premium
Oil Stocks

Will Oil Stocks Breaks Above Medium-Term Resistance Line?

Based on Oil Investent Update originally published on May 11, 2017, 3:29 PM

In recent weeks crude oil came back below the barrier of $50, which triggered declines and resulted in a drop to almost six-month lows. Despite this move, oil bulls pushed the commodity higher, which resulted in an invalidation of the breakdowns under important support levels. What happened at the same time with oil stocks? Will we see higher values of the XOI in the coming weeks?

Let’s jump right . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0