XLE at 100ema and key level on VPVR

28 ביוני 2022

$77.50 has a lot of volume and can act as a resistance perfectly in line with the 100ema. Daily candle close above this and it should move into the $80 price range and could sit there for a bit. We would see one more push to the top before oil calms and this forms a lower high around $90 or a double top.

Entered on the drop at $70
TP target 1 now at $77
TP target 2 at $81
TP target 3 at $90