| From Financialsense.com: Probably the biggest development in the commodity sector is the solid break of oil through its 50 day moving average (MA), which has acted as price resistance since crude’s peak last year.
Not only has crude broken above its 50d MA but it has also broken the declining trend since its peak last year, as well as broken the declining trend in its relative strength to the stock market (S&P 500, middle panel), with a break into above neutral territory on the RSI, all bullish developments..... Full Article: Source
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