"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •385 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,442.30 | -11.50 | -0.79% |
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WTI Crude •10 mins | 65.80 | +0.55 | +0.84% |
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Gasoline •10 mins | 2.101 | -0.020 | -0.95% |
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Ethanol •385 days | 2.161 | +0.000 | +0.00% |
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Silver •385 days | 30.82 | +1.16 | +3.92% |
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Silver • 385 days | 30.82 | +1.16 | +3.92% | |
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Copper • 385 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 68.95 | +0.44 | +0.64% | |
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Natural Gas • 10 mins | 3.144 | +0.067 | +2.18% | |
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Heating Oil • 10 mins | 2.406 | -0.043 | -1.77% |
The Economic Community of West…
This aging bull market may…
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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