Commodities - Closing out our long trade in XOP

publication date: Jun 14, 2021

The XOP was shy of its $112 target is stalling at a MOB band, Momentum is weakening, so we are taking profit here and will evaluate a pullback to buy into. We got stopped out of our July WTI Crude Oil short at $103 but remain short RBOB with a target of $2122.

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