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Crude Oil – For the Bulls or Bears?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    In the previous month, crude oil extended gains and climbed above the barrier of $40. Despite this improvement, the combination of resistance levels encouraged oil bears to act, which resulted in erasing 40% of the previous upward move. What happened at the same time with oil stocks? What’s next for the XOI? Let’s jump right into charts and find out what can we infer from them about future moves. Let’s start today’s article with the long-term chart of oil stocks. In our previous Oil Investment

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