XOP has been in a Bear Market for a little over a year now due to recession fears, trade wars, and over production by frackers.
When you look at the XOP chart we see what appears to be a bottoming picture developing. The massive trend line that has kept price going lower for some time is now in play. OPEC cut backs and post year end window dressing conclusion I believe may lead to a break out in the XOP fueling even stronger gains in the 3x GUSH. 3 mos. plus we may see a double for the XOP from these over sold levels (imho).
When you look at the XOP chart we see what appears to be a bottoming picture developing. The massive trend line that has kept price going lower for some time is now in play. OPEC cut backs and post year end window dressing conclusion I believe may lead to a break out in the XOP fueling even stronger gains in the 3x GUSH. 3 mos. plus we may see a double for the XOP from these over sold levels (imho).
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.