Loading ...If the article below on Saudia Arabia is correct, oil may soon make a series of exhaustion moves down on the charts and be the buy of the century
Looking for El Cheapo option plays in the energy sector—looking at the XOP may 15 and june 19 $18 to $20 calls…The rsi on the daily chart is 16 and on the weekly is 21…not sure this sector is “ripe” just now for purchase…but at some point it will be…the best trades are usually the “I just can’t imagine/shaking hands ones to make…and one never knows when they could turn…so having ones baited hook in the water via, say, some june 19 2020 $20 options at $9/$10 bucks is a way to play it…in the past 5 yrs XOP has made some significant highs at $55-$43 & $23-it closed at 12.91 on Friday—here is the XOP weekly chart
SPDR Series Trust – S&P Oil and Gas Exploration and Production ETF (XOP) has 0 splits in our SPDR Series Trust – S&P Oil and Gas Exploration and Production ETF stock split history database. Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices |