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Watching Energy Today
Interesting move in energy this morning. $XLE up over 1.76% and testing the day's highs, currently at 63.68. Seems like some folks are betting on sustained demand, or perhaps just a bit of a bounce after yesterday. My watchlist for the day definitely has a few more energy names than usual, seeing if this has legs or if it's just short-term noise.
2 comments · 2 points
I'm seeing similar action. While the bounce is notable, I'm watching the volume carefully to gauge conviction beyond a short covering. Do you have any particular levels you're watching for a break or a fade?