XLE trade ideas
Long XLE & Long Energy for 2018Long term bear flag but it should rally til Q2 or end of 2018 before heading down.
Some other energy names that I longed already broken out to the upside. Energy stocks are going to outperform oil in 2018.
Bearish Rising Wedge-Sign up for a VIP trial & get price targetsLook for further move lower for $XLE with this bearish rising wedge.
Despite #oil breaking higher, no breakout on #energy ..$XLE still has some work cut out before becoming bullish. $CVX $XOM $OXY $SLB
XLE-getting ready for the next leg higherXLE (energy sector ETF) has been consolidating sideways for a couple of weeks now.
It is showing signs that it's getting ready for its next leg higher .
Minimum target for me would be 71-72 the next month or so.
I did buy today the 66 calls expiring in nov series (monthly series).
I am bullish on energy. Cut the noise and look at price!!!Hey guys
Let's take a look at XLE. It is an energy etf. I look at all major sectors on weekend just to see the bigger picture. Weekdays i only focus on my pairs.
Monthly: Kijun holding as support and macd may reverse next month. So, far we only have a reversal candle.If chikou can get above price, that can bring more acceleration. It is neutal picture as of now with bullish bias.
Weekly: Price is above Tenkan and Kijun. Those two lines will be potential support zone going forward. Macd is crossed up.
Daily: Bullish. Currently it is consolidating with macd crossed down. Chikou is above price .
I like buying dips on it. Alternatively, you can look at oil and natural gas. Natty is also a beautiful chart . I will post in a bit. Thought to share.
Thanks for the read.
Long Energy to FinancialsXLE to XLF has done a 78.6% retrace, should at least outperform over the next few years here.
