Chart of the Day: South American Energy Giant May Be Attempting a Breakout


Emerging markets have mostly struggled lately as the U.S. dollar climbed. That may have created an opportunity in Brazilian energy driller Petrobras.

Unlike other oil giants like Exxon Mobil and Chevron, PBR has barely moved in the last month as crude oil jumped. However, it closed above its 50-day moving average on Friday and is …

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Petrobras (PBR), daily chart with selected patterns, courtesy of TradingView.
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