Oil producers index price is confirming the breakout. The first target is 1385.
Price is confirming the breakout at the blue arrow. The first target is 1385.
As long as price remains above the rising green support line – the trend is up. The three supporting indicators are positive.The moving averages are positive and rising.
Featured is XOI the oil producers index (courtesy Stockcharts.com).
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Peter Degraaf is a stocks and commodities investor with over 50 years of investing experience. He publishes a daily commentary for his many subscribers. For a sample copy of a recent report please visit his website www.pdegraaf.com
Peter Degraaf has been a successful investor for over 50 years. He publishes a daily market letter for his many subscribers. For a sample copy visit his website www.pdegraaf.com or send an Email to [email protected]
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