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XLE trade ideas

Energy breakout ~ June 2021Technical Analysis We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges. We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation) Macro Tomorrow jobs report could be a market moving event, as the Fed has made a drastic change in its action plan, which consists of reacting to data (reports such as these), instead of reacting preemptively as it has done in the past.
AMEX:XLELong
by dorfmanmaster
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.
AMEX:XLELong
by Cape-Peninsula-Capital
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 :)
AMEX:XLELong
by nah0
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!
AMEX:XLELong
by AlphaCurrencyTrader
2