[isatrader]

I note that SPOG.L (oil & gas producers) seems to be coming out stage 4 and forming a base perhaps. However, I'm nervous if crude has not done the same, at the moment CRUD.L is just below its MA150d but it is flattening. Too early to say yet?

Attached are the top holdings of SPOG.L, which are a mixed bag of Stage 4B-, Stage 1A, Stage 1 and early Stage 2A in a couple. So certainly signs of recovery in these particular stocks. But you'll need to do a deeper analysis of the entire sector to get a clearer view.