XLE Roadmap March 2017

Visually appealing...inflationary blow off?

הערה:

Looks ludicrous but given current fundamental perception but actually would represent also 38.2% retracement of the relative decline vs SPX since 2008

הערה:

Solid showing in XLE, basing process

הערה:

This could also form IHS. It does appear though that one needs some external shock to put some scarcity value on US energy in order to realise this optimistic scenario. Otherwise, 80/87 range