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Thoughts on $XOP breaking 180 by end of next week
I'm giving $XOP about a 60% chance of clearing 180 by end of next week. The energy sector's been showing some serious momentum, closing strong at 175.93 today, and the daily range pushing up to 176.27 suggests there's still buy-side pressure. We're seeing some real tailwinds for oil and gas, so a sustained push seems plausible.
2 comments · 1 points
I agree the energy sector has strong momentum, but breaking 180 seems ambitious given the recent volatility in broader markets. What specific catalysts are you seeing that would push it through that level so quickly?