As shown with XLE, expect rollover to continue. Energy sector cooling off and will present amazing opportunity in the near future. Patience will be key. Will monitor and continue to publish updates as required.
Huge take off for XOP after creating a CUP on the daily; possible consolidation to create a CUP & HANDLE before take off. Expected returns: 15% minimum
www.tradingview.com Shorting XOP via a long DRIP position. Oversold on the hourly, nearly oversold on daily chart. I realize we are in an uptrend on the bigger time frame. XOP is at top of channel and losing steam, i hope. Looking for a pullback for a short swing play.
OBV is bouncing on its avg on the daily graph Green zone on daily and weekly graph RSI above 50 OIl is bullish Seems like a safe base... what do you think?
Contrarian trade with everyone screaming to buy Oil Energy and Gas right now. Chart looks bearish to me and smells like distribution. Natural Gas ripped yesterday and I took EQT profits and added to XOP JUN puts. $136 first target
XOP to me needs to cool off after this monster up leg. Starting to smell like distribution with lower highs. A monster breakout is possible, but even being bullish I'd like a dip to $120 zone before the next up leg. Daily - seeing some bearish divergence on the RSI Weekly - top of channel rejection (so far) with Bearish MACD cross and momo turning...
XOP looks like it's rolling over, or at the very least consolidating and heading back to sub 130 after rejection from trendline resistance and 30MA . Whale trade short, bearish divergences on indicators. Price target sub $130
Patience... wait for some clarity... but I will be watching this to jump at some point in the coming days...
Lots of good looking stocks in the Oil and Gas sector. I couldnt decide on one so I went with the whole sector. .XOP220617C160
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
📌Oil & Gas Exploration & Production in last days we can see price of OIL, GAS slowly falling, fundamentally side is war with Rus & Uk and China mixing, here expecting to see higher bearish continuation. 💡 XOP technically based idea, we can see price is on SUPP zone-bouncing, technically indicators showing we can expect higher bearish continuation, based on...
The world order established after WWII is changing before our eyes. Indexes have broken their uptrends. Nasdaq stocks have been crushed. Old commodities are becoming more important to nations than ever before. Security isn't guaranteed. As investors our goals remain unchanged. Give ourselves and our families the best chance to succeed through financial...
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Cup waiting to form handle. With that said I would look for upside to this gas & oil etf until April/May then we should see a dip into the handle into the summer. So in my opinion gas & oil prices rise until the summer and drop until August if this pattern holds true. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines =...
XOP is the ETF for the energy sector's oil and gas exploration and production sector. Despite the market indices (US) experiencing a high degree of volatility and technical damage, the energy sector has outperformed all other sectors in in 2022 (and late last year). A cup with handle has formed, which is a bullish consolidation pattern made famous by legendary...
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor