Canadian oil stocks move above the 200-day moving average

Major downtrend with near-term uptrend with resistance at $12
Canadian oil stocks as represented by the XEG ETF move above the 200-day moving average E

XEG 3-Year Weekly Chart

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Leave a Reply

Your email address will not be published.