Trading a Buy Setup in Crude, XLE, and XOM

In this video:

• Danielle’s take on trends in gas prices and the energy sector
• Relative Strength Indicator – Phoenix Finder Tool
• Cup and Handle pattern

The energy sector, in addition to high fuel prices, has been in focus most of the year until we finally saw a bit of a reprieve this summer. However, I’m betting this break won’t last long, as I’m spying buy setups in the energy space along with a buy setup in a key energy stock, XOM. Let’s discuss the whys and the how beyond how to trade these setups.

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