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In it to Win it

Is the oil rally ready for a pullback?

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ticker lesson

Breakdown

0:00WTI· ticker

WTI up 9.6% week, hit 104

  • WTI up 9.6% week
  • Oil shot up
  • Chris Vermeulen called it
  • 104 is the line
  • Bias lower next week
0:01Brent· ticker

Brent up 8.6% week, hit 109

  • Brent up 8.6% week
  • Hit 109
  • Almost 110
  • Bias lower next week
0:02XLE· ticker

XLE up 1.7% week, around 61.50

  • XLE up 1.7% week
  • Order around 61.50
  • Starter position
  • Bias okay
0:03lesson

Price action and RSI divergence

  • Price action moving up
  • RSI moving down
  • Approaching top
  • Grind sideways
  • Forecast rollover in XLE
0:04lesson

Call options on XLE

  • Call options on XLE
  • Bounced on 20-day
  • Sell on Monday

Informational only — this is In it to Win it’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.