"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •500 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,565.20 | -48.70 | -3.02% |
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WTI Crude •1 day | 60.09 | +1.40 | +2.39% |
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Gasoline •1 day | 2.012 | +0.052 | +2.65% |
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Ethanol •500 days | 2.161 | +0.000 | +0.00% |
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Silver •500 days | 30.82 | +1.16 | +3.92% |
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Silver • 500 days | 30.82 | +1.16 | +3.92% | |
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Copper • 500 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 64.39 | +1.38 | +2.19% | |
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Natural Gas • 1 day | 4.566 | -0.080 | -1.72% | |
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Heating Oil • 1 day | 2.531 | +0.066 | +2.69% |
An economic slowdown in many…
More freeports open around the…
The Economic Community of West…
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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