$XLE - end of year target $55

2022년 6월 24일

Energy prices will fall for all the wrong reasons. US economy will slow; we will see recession soon. As output slows and quantitative tightening increases; prices will fall. Should fall to support levels around $55 by end of the year.

Trigger: 11 day smma crossing the 50 day smma.

XLE components include XOM, CVX, COP, MPC