Oil Looking very weak! Natural GAs is almost ready to accumulate on the long side. XLE putting in bearish consolidation!
The energy market may see some headwinds in the next 1-2 weeks. Natural Gas storage update on Thursday. Oil has triggered a head & shoulder pattern
Oil looking strong and testing a bearish range breakout. Natural Gas back testing a key support zone.
Discussing all the major weekly trends for each sector.
In this update we review the recent price action in XLE and identify the next high probability trade location and price objectives to target
In this update we review the recent price action in XLE and identify the next high probability trading pattern and price objectives
Oil exploding higher again making a 7 day run of 38% and XLE running up 14%. Long-term XLE is my play, raking in the dividends but taking profits relatively soon might be wise. We are right at the resistance level for XLE that looks to be pretty heavy but that resistance isn't like the Ukrainian military so I think it's more likely we blow through that level if...
As war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it...
Wave ((5)) has unfold into clear impulse structure. We will continue to monitor for any reversal sign and we are expecting a retracement after completion of wave ((5)). -- Pengiran.
Positive development of XLE since our last posting. We can see a clear price movement in motive wave fashion for wave ((5)). For now we are still expecting price to push higher to complete wave ((5)). -- Pengiran.
We are on the late stage of wave ((4)) development and expecting price to move higher for wave ((5)) to complete this impulse sequence. -- Pengiran
As for now. We are expecting price to move higher to complete wave ((iii)). Using Fibonacci multiple guidelines within impulse wave, reasonable target for wave ((iii)) is at 1.618 relationship compare to wave ((i)) movement. Our invalidation level is set at 82.98. – Pengiran.
Hello and welcome, I am expecting more upside to complete wave 5 of v, the alternate as i mention is that this wave top will be the 5th of 3rd wave.
Hello and Welcome, My outlook is bullish in xle and looking for a big move above 60.
These are my ideas on trendlines mixed with a bit of market psychology. ***Not financial advice. Just entertainment and educational.
Check out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't,...
uhoh...New Moon Cycle at a high. Can it still hit 71.33? Or just a temporary high???
XLE Strong move this month. First Target 67.32. Next is 71 +