Trading a Buy Setup in Crude, XLE, and XOM

2022-08-22 / Danielle Shay

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In today’s video:

  • Danielle’s take on trends in gas prices and the energy sector
  • Relative Strength Indicator – Phoenix Finder Tool
  • Cup and Handle pattern

    • The energy sector, in addition to high fuel prices, has been in focus most of the year until we finally saw a bit of a reprieve this summer. However, I’m betting this break won’t last long, as I’m spying buy setups in the energy space along with a buy setup in a key energy stock, XOM. Let’s discuss the whys and the how beyond how to trade these setups.

    If you want to learn more, follow Danielle on Twitter @traderdanielle for the latest market analysis, and insights, and join the Simpler Trading community in our Options Trading room.

    Danielle Shay

    Danielle Shay is a self-made trader, market analyst, and director of options at Simpler Trading. Initially drawn to trading for financial freedom and to support her son, she now teaches, trades, and provides market commentary. With a background in teaching, Danielle aims to simplify trading concepts for all skill levels. She is a regular expert guest on media outlets like CNBC, Fox News, and Yahoo Finance. Her primary trading focus is on relative strength setups using equity options, stocks, and ETFs. She contributed to John Carter's "Mastering the Trade" and champions the belief, "If I can do it, you can do it!".

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