"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •142 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 972.10 | +1.60 | +0.16% |
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WTI Crude •10 mins | 71.47 | +1.37 | +1.95% |
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Gasoline •10 mins | 2.067 | +0.008 | +0.38% |
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Ethanol •142 days | 2.161 | +0.000 | +0.00% |
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Silver •142 days | 30.82 | +1.16 | +3.92% |
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Silver • 142 days | 30.82 | +1.16 | +3.92% | |
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Copper • 142 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 75.39 | +1.16 | +1.56% | |
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Natural Gas • 10 mins | 3.128 | -0.211 | -6.32% | |
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Heating Oil • 10 mins | 2.281 | +0.007 | +0.29% |
The Economic Community of West…
An economic slowdown in many…
More freeports open around the…
Reason:
XLE has failed to carry out a thrust following a Triangle.
This failure has turned a bullish pattern into a bearish one with a potential Double Top, which has a theoretical target at 83.74.
I don't have an entry price yet so I will see how price behaves today. Ideally I would go short on a rebound towards the 10 dma.
I will use $ERY (Energy Sector Bear 3 x ETF).
If the reversal pattern pans out the gap at 22.30 could be filled.
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