XOP and Oil price related
Reference back to my earlier post ever since waited for 36 trading days for Oil price / XOP price to undergo correction. It was mentioned that Price recovery would be expected (since that day) - which indeed happen (largely due to Omicron coronavirus become non-event).
Now, I resume my view that the oil price rally is over optimistic (I am holding a downward bias view based on current price level).
Feel free to post your comment and discuss!
$SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$
Now, I resume my view that the oil price rally is over optimistic (I am holding a downward bias view based on current price level).
Feel free to post your comment and discuss!
$SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$
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