In the last 6 months AMEX:XLC is the leading sector in the $SPX. And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows. There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others. Let's wait and see.
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline". Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
Oil has been ripping lately and trying to establish a new consolidation range. Keep in mind this rally in energy has occurred as the DXY has had 9 weeks of consecutive upside. The energy sector has been a bullish piece of the market and is at a critical support level. If this breakout in XLE is to hold we could see some significant upside. A weekly & daily...
🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double...
What do you mean by a spread? A spread is a difference between two similar markets, in this case oil stocks and oil service companies versus the basic commodity that those oil companies trade in, which is crude oil. There is a substantial trade set up at the moment that presents large returns with a reasonable amount of risk. Shorting Energy Stocks using the $XLE...
🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH |...
AMEX:XLE Ascending Triangle Pattern, waiting for a breakout. Key Elements: Rising Support Line: This trendline connects the higher lows. It indicates that buyers are stepping in at higher prices, suggesting increasing demand and potential accumulation. Slightly Sloping Resistance Line: This trendline connects the roughly equal highs, forming the upper boundary...
🔹Breakout Falling Trend Ceiling in medium long term. 🔹Once breakout resistance 87.4 be POSITIVE signal. 🔹Short-term momentum is POSITIVE with RSI above 70. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and...
Im going to try and post this a THIRD time now, as you can see from the first post on June 26th & June 28th. Apparently you cant utilize the Twitter post feature on charts because its solicitation or advertisement, even though im just using the timestamps to show I actually called it publicly like I am stating here. ...
Oil looking strong and testing a bearish range breakout. Natural Gas back testing a key support zone.
Just over 6 months ago, OXY was flagged to technically not do the expected rally as it broke down of the H&S shoulder. Many had bought in following the reported Berkshire's purchases of OXY , BUT technicals was telling of another type of scenario. Watching the breakdown was rather painful as it stretched over the last 6 months, with a recovery attempt that failed...
AMEX:XLE Bear Flag on the weekly chart, Close on a weekly basis first target is the horizontal line.
XNGUSD on the weekly chart showing two years of price action with weekly candles shows the rise in 2021 into spring 2022 then printing a head and shoulders pattern and the reversal to deep into the support/demand zone. The volume profile shows the majority of the trading during this time period to have been between $3.75 and $ 8.50. It would seem likely that...
ERX is a leveraged ETF tracking the energy sector. On the 4H chart it has been in a downtrend since mid-March. IT dropped to the bottom of the high volume area on the long term profile as well as the lowermost VWAP band. Firday May 12th marked the reversal with buying volume replacing selling volume and then a significant rise in price in the past week. ...
AMEX:XLE Trend line fake out, best moves come from failed moves.
It's time. I took a small position yesterday as XOM dipped to the Gann line, which is also a 78% fib retrace. Fresh off a dividend EX. The XLE sector is oversold.
Natural Gas is on watch for a technical Breakout We got a bullish daily close on Natural gas today. Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
RIG may be signaling some weakness in the energy sector. This heavily indebted stock has massive movement when oil is strong but the same can be said when oil is wweak. Poor guidance knocking & breaking the trend...On watch for continuation.