Below is a 60 day minute bar chart of XLE. Alluring, yes?

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You’ve probably heard that a major breakthrough in fusion research was announced this week by one of the US’s national labs. Lawrence Livermore National Labs (LLNL) said on the 13th that they had achieved a net gain of energy during an experiment. They got out more energy than they put in, although there are lots of asterisks associated with that announcement.
Just a couple of charts to kick off the day, which I suspect will be the capper to a fantastic week. First of all, crude oil is behaving itself beautifully, with my bearish energy bets fully loaded.

As the gargantuan top has completed on crude oil, whose imminent crash the bone-saw-loving Saudis are going to hate………

It’s been a couple of weeks since I got a Telegram notification from SlopeAlerts, but I was pleased to see this one buzz in during the morning’s trading……….
