The Integrated Oil & Gas Index is about to enter strong resistance area so be quick to take some off if you are invested in any of the following. Stocks such as CVX XOM COP HES TOT BP SU MRO STO make up this index as you can see the rising bearish wedge combined with previous resistance form a strong line in the sand that I see this index having a difficult time overcoming.
Investment service stocks CME ICE GS RJF AMP NYX LAZ LM NDAQ AMTD MS JEF SCHW are trending upward in a range however the RSI remains in a bearish trend (20-60 range) so it would be significant if this can continue higher and get over 70 on the RSI and break out of the range this chart has been stuck in since mid-May.
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