I like the pullback in WTI Crude Oil and believe a reversal higher is setting up the Oil & Gas Exploration Sector (XOP) and stocks quite nicely.
As you can see in the chart below, XOP reversed higher and triggered a buy signal.
As well, the stochastics are turning up.
This looks like a tradable setup with the potential of rising as high as $95. That said, a trailing stop is important to use here in this market environment.
$XOP – Oil & Gas Exploration ETF Stock Chart
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