is down more than 1% on Tuesday after racing 8% higher for the month. The sector saw a massive surge on Monday after crude oil popped following an attack on a Saudi Arabian processing facility.
"You want to look to fade this rally. If you look back in the past, over a peak through September and October, crude oil has sold off about 8% from peak to trough," Baruch said Monday on CNBC's "." "There's going to be an opportunity here seasonally and fundamentally and technically as things get exacerbated to the upside."
However, there is some more room for the XLE ETF to run before it hits a wall, according to Baruch's charts. The XLE ETF has 6% upside before reaching that upper band of resistance. It hasn't traded as high as $66 since April.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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U.S. energy secretary says oil market robust after attack on Saudi plantsThe oil market is resilient and will react positively to the attack on Saudi Ara... Does anyone else think that this attack could have been staged to force the US to go to war And the three departments I want to cut are... wait, who am I? Same thing they said about my Grandmother after her 4TH stroke.
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Wall Street set to open lower after Saudi attacks; energy stocks surgeWall Street was set to open lower on Monday as the weekend attack on Saudi Arabi... Nixon froze gas prices---let that sink in simple but powerful illustration of the consequences. you can be a billionaire also in this way, i mean loosing much money. like i always say the business have 2 faces. destroy to rebuild, or invest to improve. anyway. if you want to find out who was behind the attacks maybe look at who made really big plays in energy stocks recently
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