GREY:CHTYF - Post by User
Post by
TabulaRasaon May 09, 2014 3:04pm
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Post# 22545371
Oil Correction
Oil CorrectionI expect MQL over the next week or two to move down towards its 50 day moving average (0.94) that is when buyers would be getting the most bang for their buck. Its not that the oil sector is bad its just moving too fast relative to its 50 day moving average. I expect oil to continue its run over the summer months... hope this helps anyone who is curious about why the sector is having a correction. all of this is said in my humble opinion and wish everyone the absolute best when buying