View: $XOI.png
$XOI.png
Bearish ascending wedge makes me think this rise in energy is due for a correction, what with rig counts being extremely low and enthusiasm for a negotiated OPEC cut starting to fizzle out. There's a resistance line from a series of lower highs that energy has approached in addition to a horizontal resistance line from lows set back in August and October (www.DanjaZown.com).
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