We seem to be showing some weakness on the RSI and MACD in the form of Bearish Divergences. At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes. We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.
This is going up, way up! I wouldn’t short anything in this sector at all. $100 oil minimum in site and going higher than that. The entire sector will be bought indiscriminately. Good luck though.