Updated Post on XOP (Oil Explorer)
Day 36 - $SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$ the Correction Day has finally arrived. Took 1 over month for this price level to arrive this price level indicated in my earlier post. Current price is between Support Line (S2) & (S3).
Would expect some form of pullback (price recovery) but expect downwards trend to persist for short-mid term (over the months) until further news or catalyst come along.
In my opinion, the price will eventually dive below <$95 towards $90 in short-to-mid term (next few months). Let’s continue to watch this space.
Would expect some form of pullback (price recovery) but expect downwards trend to persist for short-mid term (over the months) until further news or catalyst come along.
In my opinion, the price will eventually dive below <$95 towards $90 in short-to-mid term (next few months). Let’s continue to watch this space.
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