Energy Retrace

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I mentioned being short-term bullish on energy yesterday, and that seems to have panned out – the $XOI is up nearly 2%, and UNG, OIH, and USO are all up.

I've sold my energy longs (except for UNG) and have bought some DUG, since I think this is just a retracement. Here's a minute graph of OIH:

0709-oih

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