This Oil ETN Could Breakout
June 18, 2015 at 12:41 PM EDT
Quiet as it has been kept, the iPath Crude Oil Futures ETN (NYSEArca: OIL) has been on a torrid pace, surging 29% over the past three months. OIL’s run may not be over if the ETN’s charts are accurate gauges. “Eventually of course, a breakout from that wedge becomes inevitable. At that point, one...