Loading ...XLE is the ETF of the major Oil Co’s…..here we can see a clear break out from a clear bull flag, which swings to a poss count of 73 plus, a gain from last night of nearly 30 %….by the way recent lows to that 73 target is a double in a matter of weeks….something very bullish for them is going on
If the Iran war was going to end badly, then the Big Oil Co’s while doing well, would not be about to double….however if they get to revive Iran’s infrastructure and pump plenty of that energy, they will make out like gang busters.
Here is XLO the explorer ETF….note the clear Inverted Head & Shoulders targeting 302 a near double from current 155..