ARTICLE SYNOPSIS...The AMEX Oil Index (XOI) looks to be in the fifth and final wave of its long-term downtrend. If so, a significant bottom reversal could occur in the coming weeks or months.
ARTICLE SYNOPSIS...The AMEX Oil Index is quickly approaching key overhead resistance but the longer-term picture still indicates higher prices to come.
ARTICLE SYNOPSIS...The AMEX Oil Index continues to move higher after breaking out of a falling wedge formation. However, long-term downtrend and Fibonacci resistance could turn back prices in the near-term.
ARTICLE SYNOPSIS...The AMEX Oil Index, a price-weighted index of large-cap integrated oil companies, failed to follow through last week. The culprit is broken support, which is now acting as short-term resistance for the Index.
ARTICLE SYNOPSIS...A distribution phase might be ongoing on the HOLDRS, but the trend is very strong in the long term, and risk has to be strictly controlled.
ARTICLE SYNOPSIS...The AMEX Oil Index (XOI) looks to have additional downside potential in the near-term but I would consider a further pullback an excellent buying opportunity.
ARTICLE SYNOPSIS...The AMEX Oil Index looks to be completing a falling wedge formation, which would indicate a potential upside breakout in the near-term.
ARTICLE SYNOPSIS...The AMEX Oil Index (XOI) has been in a two-year downtrend but is now showing signs of reversing course.
ARTICLE SYNOPSIS...Limited downside potential offers a good buying opportunity in integrated oil companies.
ARTICLE SYNOPSIS...The AMEX Oil Index (XOI) gave a false buy signal last week when it broke a double top in the 460 to 465 range. Significant trendline resistance would have alerted traders to an upcoming reversal in the Index.
ARTICLE SYNOPSIS...The AMEX Oil Index (XOI) has been capped by its 50-day moving average since July of this year. With this moving average coming into play once again, could the XOI be setting up for a short-term top?