Oil Gap Holding
Image Source: Pixabay
My oil and gas ETF short, XOP, is holding together quite nicely. The gap I based on the trade on (130.59) held firm, and now I’ve tightened up the stop with a new price gap that was formed today (128.07).
The longer-term chart suggests plenty of downside potential.
More By This Author:
Metals MeltdownVolatility Analogy
The Other Metals
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
