XLE Week of Dec 18

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I am bullish on Oil generally, but I am expecting more of a range-bound week with energy next week.

It is in a neutral range, with more accumulation resting towards 89:

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So we will likely end up drifting towards this target range.

Overall, generally neutral on energy itself, but I do expect a drift up, especially if the market maintains the bullish bias.

Watch for a break and hold of the threshold. Its very important with XLE that you wait for confirmation of a hold, because it frequently gets slapped back down or up with breaks:

Por ejemplo:

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İşlem kapandı: hedefe ulaştı
PH2 hit!

But it got sucked down with that dramatic panic sell towards EOD haha.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.