XLE trade ideas
XLE - Energy Sector Breaking OutEnergy Sector on the verge of breaking out; Watch out for XLE stocks.
Target - 56 and then 61
www.marketwatch.com
XLE / energy looking good - target 62.Cup-n-handle forming - or a double top with rounded bottom and a bull wedge. Sitting at resistance now. Momentum indicators look good, RSI improving as price is pushing higher.
XLEChart pattern: Bull flag
Entry: 54.06 $ (this would end the secondary downtrend of the correction)
Stop: 51.18$
Target: 60$-65$
Stopmanagement: SAR Parabolic 4h Chart default settings
Risk:Reward-Ratio: > 2:1
Intermarket-analyses: The recent CPI data indicates that we are in an inflationary environment which cannot be solely explained with the basis effect. The energy sector was always a valid hedge against inflationary forces and compared to gold and silver it is not that strictly dependable on the development of the US10Y. The further depreciation of the dollar should also act as a tailwind for the energy sector as they both are inversely correlated.
One more final dip for energy..I think it will get downward pressure from stock market to make a final dip and never look back...
ENERGY LONGWith Oil breaking out of it's 10 year bear market, we can expect further upside for the energy sector.
XLE - people are bullish.... but...A lot of people are bullish in Oil just like a lot of people were bearish when Oil was over $140 and Bearish when Oil was down a year ago.
You have to look at your chart and trade when you are confident.
I was confident in Late march and in November.
Right now, I prefer to stay aside and wait for the fog to clear. IF it is bullish, there will be plenty of chance to trade.
XLE: Support Holds as More Buyers Step InXLE - Support holds as more buyers step in; this is a good time to start layering in and attempting jump back in
XLE Upside Idea XLE is seeing a bullish crossover on the macd on the daily timeframe and holding pivot support. I believe we can see a bounce off these levels and test the previous high. With reopening in focus and strong performance in energy in the recent week (also earnings of big energy names such as XOM on friday) we can see a potential quick rise in energy stocks.
energy and oil can go crazy so after listening to powel today i saw many things
people don't want cash
they want bonds, they want stocks, they want housing
I think the amount of buying we will see will be crazy and the inflation will go up. i don't necessarily invest like i believe there is inflation but there is
Powel basically said let inflation go up not a problem
oil can go crazy bc it is a measure of inflation in gas prices in a way and the supply chain issues are still bad
i think XLE can see $55-$65 soon
I think oil goes crazy into the summer and chills in highs during summer and then I need more information to talk after that
anyways I think everything is crazy bullish
I don't think anything is in bubble territory yet
watch for more "GME" situations crazy NFT prices and fear in the fed
besides that our so far %90 earnings beats says it makes sense for us to go higher
good luck traders :)
XLE is a tough cookie - bearish trend & negative corr. to WTIWatch for a bounce at the 100 day (which coincides with a major trendline and 0.618 retracement).
XLE Long September 50 CallsJumping into XLE here.
Oil will need to rebound if the market intends to press on, and we see this as a highly likely scenario.
We also had a very nice bounce off the 50% Fibonacci line, as well as a confirmation of support on the 50 EMA.
With a bullish market and multiple entry factors, this looks like a perfect setup for a 10/20% option return.
Feel free to follow this thread as we will be posting updates as this thing moves like all of our trades.
Good luck, All!
APA inter-market analysis ➡️Pattern recognized:
Running flat
➡️Hypothesis:
Bullish
➡️Catalyst:
Earnings in less than 12 days
➡️Conclusion:
Weekly calls that expire after earnings
***This does not constitute financial advice.***
If you like what you see why not support us?
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XLE energy not done yetXLE is sitting at a support area and has a decent R of 2.08 if it makes another move back to previous highs.
A play can also be made on CVX, XOM or one of my favorites for a Swing OR Hold play, PBA. If you like dividends then PBA provides
while you wait for an up-move.
XLE Potential Downside IdeaDoing some technical analysis for XLE. Just an idea of how price can move in the coming days or weeks.
Energy is bouta nutXLE has formed a triangle I'm looking to go long once it breaks out. Let me know your thoughts on my charting or whatever.
