Oil stocks broke above important resistances, hitting a fresh multi-year peak. Is this the end of the bears? Technical Picture of the XOI In recent days crude oil reversed and jumped above the early March peaks, breaking above the barrier of $80. Earlier this week, the S&P500 moved above 5200 and hit a fresh peak during yesterday’s session. What happened at the same time with oil stocks? In today’s article, we’ll take a look at the current technical situation and shed some light on the potential threats that may impact oil bulls in the coming week. Have a nice read! Let’s start today’s analysis with the ... (full story)