Energy showed strength this morning as Crude oil rejected lower prices and XOP refused to break down with technology. Levered ETF's like ERX and DIG are in play as this group wants to bounce in the immediate term. Today's low in XOP looks like a solid level to name your risk.
Keep an eye on this possible bottoming pattern in crude oil. Here's a look via the ultra crude oil ETF UCO:
Trade 'em well
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