Oil Chart Shows Bullish Signs for Higher Oil Prices in Spite of Recent Downside Move; Special Report by Leading ...

In a recent Investment Contrarians article, editor George Leong reports that there has been some dumping of oil stocks out there, as the price of the December West Texas Intermediate (WTI) futures contract plummeted to the $85.00 level last Tuesday. (Source: IndexMundi, last accessed October 26, 2012.) With the downside move, Leong notes that oil is back in a technical bear market, down 22% from