One of the international indices closely related to the OIL sector is Thailand. Taking a weekly chart it is very clear how the two indices (Thailand above and the XOI below) are closely related. So if you think that the OIL stocks sector can bounce the Thai index could be an excellent Proxy and vice versa. The indicators and the situation indicate that in these indices / sectors there may be a lot of positive performance in the near future
I have noticed a clear correlation… You are unauthorized to view this page. Username Password Remember Me Forgot
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