Energy Sector Cycle Turns Up

By Jack Chan of The Energy Report

Experience, Creativity And Dedication To Finding And Presenting The Best Investment Ideas • Nov 21, 2016 at 2:00 AM EST

Technical analyst Jack Chan charts a new buy signal in the energy sector.

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Our proprietary cycle indicator has turned up this week.

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OSX has confirmed a new major buy signal, which can last for months and years.

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COT data is supportive for higher prices overall.

Summary
The energy sector is on a new major buy signal. The cycle has turned up. We are invested in the energy sector and holding for long-term gains.

Disclosure:

1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We also provide coverage to the major indexes and oil sector.
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Charts courtesy of Jack Chan