If FANG > 106, breakout and go long

With WTI oil > $60 a barrel, I'm sure there's computer algorithms (based off futures or derivatives or whatever) that will buy oil-based equities. I like FANG and WPX in this space. Hopefully FANG can break out of the resistance of 106 level.
If close > 106, I like the upside here.

Trade closed manually:

FANG never closed > 106, and never broke out over resistance. I also did not have a position in this, so not sure how to comment on a stock without "opening a position" here on TradingView. Anyways, WTI is still $59 a barrel but the entire energy sector is selling off. I'd wait for stochastic oversold, and look for an entry in the mid 90s.

Comment:

The behavior on this one is strange. With WTI and Brent going up in price, you would assume E&P stocks would do well.

FANG stuck in 100-106 range. Yesterday, saw a drop from 104-100. And today, 100 to 106+. Hopefully there's a breakout to the upside past 106.
I also like PE, and WPX. I opened a PE position today (breakout there).

Trade active:

Hopefully beginning of breakout here. Keep an eye on WTI and Brent oil pricing.

Trade closed manually:

Sold at 109.50 2 days ago. I'll reload when this gets close to 100.

But the sweet spot looks like PE and WPX. More beta.