Please be careful with oil stocks/XOI.
we are approaching a wall of resistance
here. Big oil CVX/XOM/COP/PTR etc
are at the resistances ( Especially first two).
XOI is approaching 122 ( fatal level,
remember our article on XOI, see it below)
What do you do? Keep an eye on things and
keep the 27% rule in place for 1/4 of the
positions long previously adviced.
Either we will turn down here or there
is real bad news coming geopolitically which
will send OIL+OILSTOCKS to higher
resistance (attraction ) points.
Good Trading
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