OPEC finally agreed to cut production in order to help support the price of oil. What happens now though? Here's the the impact the decision will have on energy ETFs.
In trading on Monday, shares of the Unconventional Oil & Gas ETF entered into oversold territory, changing hands as low as $21.62 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.