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Energystock

Golden Cross with Energy ETF at Historic LevelsThe SPDR Energy ETF had a historic selloff last year, but now it’s holding some key levels as an important chart pattern appears. First, XLE spent the last two weeks of 2020 holding roughly $37.90. That was near the low from March 2009. Looking back even further, it’s also near a high from November 2004. That’s when crude oil began its major ramp toward $100. Next, XLE’s 50-day simple moving average (SMA) rose above its 200-day SMA last week: a golden cross reversal pattern. It’s the first time the fast line has been over the slow line in more than 2-1/2 years. The fundamental picture could also be improving as the Saudis hold OPEC+ in check. There are clearly risks to crude oil, but the current situation could be starting to resemble 2003 with a strengthening global economy and weakening dollar. Copper, gold and silver have already rallied. Will black gold follow and climb the wall of worry? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:XLELong
by TradeStation
USOIL OVERALL BEARISHHey All Fellow Traders, Teachers, Students, Here We are looking at USOIL under Higher Time Frames Bearish Structure , and HEAVY SELLING PRESSURE! After Covid 19 Plummeted the Price back in March 2020 it was hard to see USOIL something as even slightly bullish. Although we made a nice retracement back up into the mid 30s levels, we will not last here for long within the next weeks/months. Currently USOIL has performed a Weekly Pivot at around 36 that has been holding us support. As you can see this last week sparked a nice drop already back down to test our weekly pivot support. Once broken we can look to take first TAKE PROFIT at around $30 support area. This is Looking STRONG for Sellers, and We can Begin to Confidently Add SELL POSITIONS UNDER $36.00 Weekly Pivot Support! Boundless Regime enrollment is officially open! Unsure about whether it's the right fit for you? Well, tell me if this sounds a little like your current situation... You don't have time to constantly search for the "Holy Grail" of Trading. Or the patience to analyze and search which strategy/pattern is the most profitable. You see a new post on social media or youtube of a StockTrader closing hundreds of thousands of $ profit, hanging off the side of a cliff in Italy, or sitting at the bank of a waterfall in Thailand! You aspire to be part of something BIGGER, a Greater Cause, Change Lives, Uplift Others. What if you could learn and communicate directly with the people behind those results? As the Founder and CEO of Boundless Regime, I Bring to You the Social Space, Education, and Framework to make this happen.
TVC:USOILShort
by DinoAlpacino
3
XOM, 9/9/2020, ENERGY IS OUT? Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: We are located in a very strong support zone, which is based on the very history of price fluctuations. It also corresponds with the VIX index. The holding period is possible for a period longer than 10 months. It contains a very interesting dividend and the original price before the ronacrisis was about 70 USD. So it is rather an investment, but very logical.
NYSE:XOMLong
by Lucas_Sochulak
6