Xle at 7 yr resistance

8 Ara 2021

Everyone calling for 100 plus oil which would take xle higher. According to charts we are hugging 7yr resistance and bounced off a few times. We are in wave 4 with big 5 down wave expected. I’m taking opposite view see oil long term in the mid 20s and xle making lower low 20s. Dollar inverse head n shoulder going to put pressure on oil commodities