Been long on XLE for a while, pretty familiar with its movement.
It's going to be breaking a big wedge soon and I'm rolling with big upside. Oil could be in a better situation but the bull case is better than the bear. XLE should easily be mid 40s.
I expect it to test $40 and fall back down
It's going to be breaking a big wedge soon and I'm rolling with big upside. Oil could be in a better situation but the bull case is better than the bear. XLE should easily be mid 40s.
I expect it to test $40 and fall back down