SPDR Oil and Gas Equipment ETF Long Postion initiated near all time low with a Risk/Reward of 3 and great chances of success. The ETF is near 2009 lows, this is difficult to believe even with today's low Oil prices the sector is much further than it was 10 years ago!
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
There is what I think the WTI crude will be coming from blocking all the white noise that are in the market, whether its political or just mere downright governance in theory. Judging from just technical aspect of the 10 years historical relevant to the hypothesis of the inverse and reverse head and shoulder formation. Geometrically, predictions via time and...
You got to love Mr. OIL - It's moves are not that enigmatic come to think of it - play safe haven if you will. Up to 35.21 and then south