Samlunch
06-15

$Energy Select Sector SPDR Fund(XLE)$ $Occidental(OXY)$  $WTI Crude Oil - main 2408(CLmain)$  

$XLE at a 3 month low and sitting right at the 200dma.

Interestingly oil has bounced nicely last few weeks too.

XLE has not bounced like Oil prices have, and instead made a lower low. The divergence means either Oil will dump or oil companies will pump.

Energy stocks are getting pretty oversold here…

Buy XLE. 

OXY is being bought hand over fist by Buffet. He has always caught the short term bottom. I will follow him.

Will Oil Prices Continue to Drop or Rebound?
Oil prices continue to fall to $73. OPEC+ has agreed to extend all production cuts until next year. This agreement may indicate that oil prices will remain high until after the U.S. presidential election. ----------------- Will oil prices continue to drop to $60? Or will oil rebound after the production cut?
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