Pretty straight forward. 15 years of volatile price action when Brent test $85ish a bbl. No position.
XLE topped in June 2014, and finally broke the down trend on 1/10/22. OPEC and US producers showing tremendous fiscal and drilling discipline (great for shareholders). Oil supply / demand imbalance will only grow more extreme as omicron wanes, and the global economy continues to reopen. Best performing sector YTD :)
Green means go, yellow means slowwwww down, red means stop!