XLE trade ideas
XLE and OilBetween military action and the breaking of the trend line, is oil not going up short term?
XLE daily chart. Trend line , sma Possible Break out.XLE daily chart. Possible Break out. Long on breakout stabilization of downtrend line and sma.
ABC possible.
XLE Roadmap Short Term March 2017Significant upside into summer.. and possibly more (see speculative View)
XLE Iron FlyTrade Setup:
-1 XLE Apr 21 65/69.5/69.5/74 Iron Fly @ $2.33
DTE: 30
Max Win: $233
Max Loss: $217
Breakevens: $67.17 & $71.83
Trade Management: 25% profit; Full loser, possibly roll the ITM side out in time if my bias is the same near expiration.
Green is profit zone; vertical black bar is expiration.
XLE about to prepare for a spurt to the north? See how price reacts at the centerline/slding/AR-Lines ?
The SWAP in Nov. 16 marked the range and of course it has to come back to breath out.
Lastly the weak hands got scared out by a very hard and final drop (red bar).
Now I can imagine that time is right to collect some premium on the downside.
Even a RiskReversal my be a good trade.
P!
XLE for SaleXLE is in a larger uptrend from last February
- it has pulled back to a consolidation range
- there is large volume on the recent down move, these are buyers to me
- this sector is lagging the over all market
- we are entering seasonally bullish period for oil
I'm a buyer here, now that can be buying the underline, leveraged buying the underline, or selling volatility in the underline. The way of getting long is up to the individual. This is not a short term position (multi year).
Energy Stocks/Oil Trend line set up 2013-2015 continued to provide support in Oct2015 but at the start of this year has broken down.
Looking to short a rally.
XLE LONG IDEA
LONG TIME TRENDLINES IN PLAY
LOW OF YEAR IN PLAY
CORRECTION WITH NORMAL TO LOW VOLUME
GOOD RR: 3.5+
$72.00level holding. (XLE) entering the buy zone.The pivot level at $72 is being tested and holding, for now.
I feel the line of least resistance is higher. I am looking for $84 eventually.
I will be looking to buy dips b/w 72-65.
A move under 65 and I would rethink my position.
No position at the moment.
$72.50. Important level for (XLE)Currently testing and holding the $72.50 level.
The line of least resistance appears to be higher.
A move under the $65 would change my mind.
No position at the moment, will update if one is taken.
Energy stocks might be overvalues against oil pricesThe break of the pennant within the possible head and shoulders complex could be the deciding factor. In terms of risk/rewad I prefer to short energy stocks against oil. But the way the chart is forming on a daily metric leads me to believe the trend of stronger energy stocks against oil prices will continue in the long term.
