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

  Derek