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:
Trade closed: target reached
PH2 hit! But it got sucked down with that dramatic panic sell towards EOD haha.
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Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
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.
Easter sale starts April 18th for 50% off!
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
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.