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The surprise OPEC+ announcement two weekends ago solidly pushed oil over what had been a descending trendline of resistance.

In spite of this, the energy fund XLE remains at a potentially good shorting level.

To my eyes, the oil and gas sector fund XOP is even more appealing.

I have positions in neither of these, but I am long puts in the energy companies APA Corp. (APA), Halliburton Company (HAL), and Marathon Oil (MRO).

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