Oil stocks $XLE moving slightly higher into February
Subtle 40 week trough here, into 20 week peak leading to a sell off mid year
In the above chart we see that oil stocks will have a peak soon that will probably be the last stop before a move lower into next year, possibly pushing stocks down 20% or more from the peak.
the 54 month cycle projection upwards has already been met in a left translated way much earlier in it’s cycle
prices on XLE 0.00%↑ are expected to push up here temporarily into a 20 week peak
then they will move down into low 70.00s