Last time Brazil's petroleum giant broke this level, it was off to the races 🇧🇷 $Petroleo Brasileiro SA(PBR.US)
Source: TrendSpider
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The stock has seen strong upward momentum, with a YTD increase of over 45%.
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A bunch of energy stocks are moving together. Recently, the market hasn't been making much sense with oil prices. $Chevron(CVX.US) can still bounce up a bit, while $Occidental Petroleum(OXY.US) and $Petroleo Brasileiro SA(PBR.US) are still half-dead; holding them is quite nerve-wracking. With the slightest movement in oil prices, the market swings up and down. Looking at the medium to long term, the odds aren't great, and short-term trading is exhausting. Forget it, just treat them as dividend machines and watch. With oil and gas, making big money really depends on luck.