Investors are piling back into energy along with other inflation trades. There's a large gap down to $90.50 area. Crude oil, shown here by USO, has also tumbled.
Trade is off if XLE makes a new high or USO/crude oil turns up. Press into a short position if crude breaks below $65.
Could also work as a pair trade for those bullish on oil, going long USO.
Trade is off if XLE makes a new high or USO/crude oil turns up. Press into a short position if crude breaks below $65.
Could also work as a pair trade for those bullish on oil, going long USO.
Not
Oil and XLE up again today on reports of a new missile hitting Ukraine. The gap between XLE and USO has widened further though, and XLE is hitting overbought on daily RSI. İşlem aktif
Looks like the trade is a go as of today. I am in weekly puts. XLE has about 5% to close the gap, the performance gap with USO is around 8 percent. If CL breaks $65, could turn into a larger correction of 10% or more. Another development: USDRUB looks like it wants to breakout and run towards 120. Most likely catalyst would be the bottom dropping out on oil.
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.
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.