Big-cap oil has been lagging behind the broader energy market, particularly the correlation between 
XLE and $WTI.
The break of this trendline is significant and could result in big move down for large-cap O&G.
XLE and $WTI. The break of this trendline is significant and could result in big move down for large-cap O&G.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.