XLE Week of Dec 18
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:
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:
It is in a neutral range, with more accumulation resting towards 89:
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:
거래청산: 타겟 닿음:
PH2 hit!
But it got sucked down with that dramatic panic sell towards EOD haha.
But it got sucked down with that dramatic panic sell towards EOD haha.
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