I realize that crude oil seems very cheap right now. Even so, I’d like to suggest that the oil and gas producers have already enjoyed their day in the sun, and energy bulls may want to regard the almost-closed gap with caution. Please take care note of XOP:
This applies, too, to individual components. I offer to you Chevron, symbol CVX, as an example of this. It is sporting its own just-about-closed price gap at 93.42:
