$XLE - end of year target $55
Energy prices will fall for all the wrong reasons. US economy will slow; we will see recession soon. As output slows and quantitative tightening increases; prices will fall. Should fall to support levels around $55 by end of the year.
Trigger: 11 day smma crossing the 50 day smma.
$XLE components include $XOM, $CVX, $COP, $MPC
Trigger: 11 day smma crossing the 50 day smma.
$XLE components include $XOM, $CVX, $COP, $MPC