Jason Goepfert

12-23-2020 at 5:32 pm

Daily Report : Energy sector on cusp of becoming golden

For the first time in 2 years, the energy sector is on the cusp of seeing its 50-day moving average cross above the 200-day average. This would end one of the longest downtrends since 1926, and the ends of other prolonged downtrends had a tendency to see rising prices over the longer-term.

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