What’s Next for Crude Oil Stocks?

Without a doubt, the previous week was the best week of 2017 for oil bulls. In that time, the black gold gained 5.48% and invalidated the earlier breakdown under the psychologically important barrier of $ 50. What happened at the same time with oil stocks? What’s next for the XOI? Let’s jump right into charts (chart courtesy of http://stockcharts.com) 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.
The Market Oracle

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