"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •23 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 944.40 | -1.30 | -0.14% |
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WTI Crude •3 hours | 77.16 | -1.12 | -1.43% |
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Gasoline •3 hours | 2.461 | -0.007 | -0.29% |
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Ethanol •23 days | 2.161 | +0.000 | +0.00% |
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Silver •23 days | 30.82 | +1.16 | +3.92% |
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Silver • 23 days | 30.82 | +1.16 | +3.92% | |
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Copper • 23 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 hours | 81.13 | -1.24 | -1.51% | |
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Natural Gas • 3 hours | 2.006 | -0.035 | -1.71% | |
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Heating Oil • 3 hours | 2.420 | -0.052 | -2.08% |
The Economic Community of West…
More freeports open around the…
An economic slowdown in many…
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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