油股走势分析

=== Trendline Analysis on Oil stock - DBO =====

Despite the massive development of shale oil for over a year now, oil price seems to be holding up pretty good. Fundamentally I was expecting weakness, however, a glance at the trendline charts reveal it has been slowing forming a wedge pattern, and recently broke out in the upward direction. 

http://screenulator.com/view_qchart.php?s=dbo&sd=5y&ed=now&p=14&f=1&o=trendlines

Also note, that the support line has been holding quite well for the past 3 years