Crude above red line has failed multiple times, but, you can see the 'rising lows' that are now crowding the red line.
My thesis has supply chaos (that is happening everywhere we look) coming to the energy space.
If this becomes true:
--Long XOP stocks
--Long TSLA
--Short IWM
My thesis has supply chaos (that is happening everywhere we look) coming to the energy space.
If this becomes true:
--Long XOP stocks
--Long TSLA
--Short IWM