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In it to Win it

Oil Stocks Are Surging. Why I'm Not Selling Yet!

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ticker lesson

Breakdown

0:00WTI· ticker

WTI — down 0.5% week, struggling to break parallel channel

  • WTI down 0.5% week
  • Still struggling to break parallel channel
  • 50% mark resistance
  • Bearish bar on Friday
1:39Brent· ticker

Brent — down 3.4% week, bullish chart

  • Brent down 3.4% week
  • Bullish chart since war started
  • Expect higher next week
1:40XLE· ticker

XLE — up 1% week, long-term accumulation

  • XLE up 1% week
  • No immediate buys
  • Accumulated over years
  • Doubled down after war
1:41oil stocks· ticker

Oil stocks — contemplating covered calls

  • Contemplating selling covered calls
  • Risk of rolling or being called away
  • Income generation concern
1:42lesson

Geopolitical tensions impact oil markets

  • Trump to continue attacks on Iran post-midterms
  • Iran threatening retaliation on Gulf infrastructure

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