XOP Finds Resistance
Here is a logical place for the run in oil and gas companies to find some resistance. These stocks have shown some really great relative strength, but maybe it's time for a pause. I don't think a short is advisable, but I'd be cautious adding any longs here and it would probably be a good time to take some profits from existing positions. Top components of XOP include FANG, MRO, DVN, OXY, APA, XOM, VLO
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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.