Prices rallied to $347 by early September and have corrected lower in recent weeks. So, let's check the charts of the cosmetics maker, which is a holding of Action Alerts PLUS.
More from Stocks
Monday turns uninspiring as traders lack incentive to buy and oil moves higher amid poor economic data.
Here's our first price target and our long term objective.
Econ 101 suggests that at some point, either the supply side catches up, or demand falls to get prices back in equilibrium. Let's see what this means for oil -- and a potential recession.
Let's review the charts and indicators.