XLE question - is this a bear flag?
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XLE question - is this a bear flag?
XLE Eight OPEC+ countries agreed on Thursday to advance their plan for oil output hikes by increasing oil output by 411,000 barrels per day in May, an unexpected decision that prompted oil prices to extend earlier losses.reuters.com/markets/commodities/opec-advance-oil-output-hike-plan-with-bigger-may-boost-2025-04-03/
What do you think those planned OPEC+ hikes will do for XLE tonight?
XLE tonight?2025 Q1 sector analysis. XLE is the top performer, 
XLK the loser by far. Mean reversion trade: fade energy, get long tech 
QQQ 🔥tradingview.com/x/YajyAgET
XLE is the top performer, XLK the loser by far. Mean reversion trade: fade energy, get long tech QQQ 🔥tradingview.com/x/YajyAgET
XLE goodbye kiss setup 👋😙tradingview.com/x/lTthv54X
XLE crazy bear trap at the end of Dec, but it looks like the new ATH I've been forecasting since early last year could very well materialize!
XLE US market is taking share from OPEC+, I think that's why XLE is/can climb to new highs through lower oil prices. oilprice-com.cdn.ampproject.org/v/s/oilprice.com/Energy/Crude-Oil/OPEC-May-Be-Facing-Long-Term-Production-Cuts.amp.html?amp_gsa=1&_js_v=a9&usqp=mq331AQGsAEggAID
oilprice-com.cdn.ampproject.org/v/s/oilprice.com/Latest-Energy-News/World-News/US-Oil-Output-Hits-Record-High-in-August.amp.html?amp_gsa=1&_js_v=a9&usqp=mq331AQGsAEggAID
XLE Breaking out with strong volume.A good opportunity to test my new trend confirmation script
Energy has under performed this year. With the tensions on middle east, there is a bullish case for energy this year. It could reach as high as 99 before the end of this year.
possible distribution on the monthly chart