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DJIA: Stocks rise on Chinese data, oil … but is it a mere oversold bounce?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Global equity markets have rebounded slightly in the first half of this week after a shocking start to the year sent the major indices tumbling. The rebound is in part due to the sellers taking profit on their positions, a technical rebound in crude oil prices from around the psychologically-important $30 handle and the stronger-than-expected Chinese trade figures that were released overnight which also gave the black stuff a further boost and helped to lift copper prices. Miners and energy

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