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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.