XLE 30-70% in 5 months
XLE looks really oversold and there is the bullish divergence in the weekly RSI. Finding these divergences before price has a chance to correct usually, is a pretty safe entry. I think oil will need to rally a bit. I expect this to be trading in the 50-60 range sooner rather than later
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.