What's Brooding in the Energy Sector

74
XLE (Energy)

Last week, in the COT data report of 24th December 2024, it began to suggest to me that a move was brooding on Heating Oil. Suggesting a trend on the way but I will need more price action data to ascertain it. Not withstanding I have to look for more evidence to support this. Right in this chart below we have

Monthly - Buy Zone contacted

Weekly - Sellside Liquidity taken

Daily - I did like to see retest of that demand area and a quick reaction to the up.

I will keep watching, how we approach Dec 2024 high and April 2024 high is important for any further upside to begin. Until then I keep studying.

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