XLE - Strong Oil!
The talk of cutting rates during the inflationary Cycle is pressuring Oil shares higher. This coupled with worldwide wars underway, and the bursting of the the mirage that electric cars would reduce oil consumption in the short term is leading to an Oil surge. In addition, on the supply side, the artificial selling of Oil out of the Strategic Petroleum Reserve has been absorbed easily into the market and time is running out. Weekly
Source: http://cyclicalmarketanalysis.blogspot.com/2024/04/xle-strong-oil.html
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