The oil producer is sending some positive technical signals but needs to prove itself with more gains.
Traders could 'nibble' at the long side of STEM.
By the way, don't hold your breath waiting for the bust.
If the market is really as tight as the analysts claim, then why is the price not moving much higher?
Prices for oil and natural gas are at levels that are incredibly profitable for any company that is pumping them.
Those of us in the numerate community will continue to own XOM because it's just too darn cheap.
Here's what traders should consider doing.
These favorites of experts are best-of-breed in the energy space.
There's no way to disguise investor sentiment when, for the week, the four defensive sectors easily take the top four slots.
Peak says sell now or forever hold your peace because you can only go down from here.