Commodities - Bullish outlook for WTI Crude Oil

publication date: Dec 3, 2020

Below are the updated charts of WTI Crude Oil, here we rolled over to the January 2021 contract, and the XOP ETF. The bullish flag breakout of the January contract is very bullish and we would be aggressive on the long side. We are finding many stocks within the complex that screen well in our work and would also play this with a basket trade in the XOP ETF. To note, the XLE also looks bullish.

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