Prone Energy Stocks

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Oil has been completely bananas today. Aside from this insanity, energy stocks still have some interesting topping patterns. They’ve had tremendous strength for weeks, but I think they’re ready to flip lower. Here are a couple………

slopechart_DRQ (1)

……..and Apache………

slopechart_APA

I think the broad energy ETF symbol XLE does a good job showing how a reversal is possible.

slopechart_XLE

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