SPDR S&P Oil & Gas Explor & Product

Short

XOP bearish

Updated

Head and shoulders pattern in progress

Note

entry: 42.4
target 1: 38.8
target 2: 37
S/L: 43.3

Note

If Trump imposes tariffs on imported oil or if the Fed decides to buy in ETFs, trade idea won't be valid anymore.

Trade closed: stop reached

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