The energy sector is looking bullish as we head into the fall season.
In particular, I like the setups on crude oil and heating oil. I think both are heading higher in weeks ahead.
Looking at the chart of crude oil, we can see that it is breaking out above its short-term downtrend. I have a price target up around $76, which would be about a 9% gain from here.
Stochtastics and momentum look good. Select stocks within these sectors could be good as well and are worth screening for relative strength and breakout trading setups.
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