What's Brooding in the Energy Sector
XLE (Energy)Last week, in the COT data report of 24th December 2024, it began to suggest to me that a move was brooding on Heating Oil. Suggesting a trend on the way but I will need more price action data to ascertain it. Not withstanding I have to look for more evidence to support this. Right in this chart below we have
Monthly - Buy Zone contacted
Weekly - Sellside Liquidity taken
Daily - I did like to see retest of that demand area and a quick reaction to the up.
I will keep watching, how we approach Dec 2024 high and April 2024 high is important for any further upside to begin. Until then I keep studying.
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.
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.