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Technical Analysis &Energy_Stocks : 2016-03-11

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Rising oil lifts energy stocks Energy stocks are rising as the recovery of oil prices from multi-year lows continues. Let’s study the performance of the PCI – Energy stocks index , composed of stocks of world’s biggest energy companies. Will the index continue rising? Oil prices have been falling since 2014 as crude oil output consistently exceeded global demand, leading to build-up of stockpiles and downward pressure on crude oil prices. Since mid-June 2014 Brent oil price has fallen over 64%.

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