oilers are mostly not in favor

This oil fund is dying and trying to get momentum on the daily chart here. Back in August it tried to be somebody but, it held until November 12th of this year. Tried to recover and puked again I believe that this oil fund is soaking up the oilers for an example: Cabot oil and gas , Conoco Phillips , Hess Corporation , and Diamondback Energy INC, and more like this. SPDR S&P Oil and Gas Exploration and Production tells a different story far as price goes. Been in this range since the last day of November of last year. Today has been questionable for SPDR S&P Oil and Gas Exploration and Production should I rally or puke? We had noted Carrizo Oil and Gas was trying to go revstrat and go back up on the day, it’s a inside week along with Chevron corporation , Valero Energy, and most of oilers are inside week also.

newsdesk

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

newsdesk