
Crude oil prices, represented by WTI, are facing significant downward pressure as technical analysis indicates potential collapse. Energy-related ETFs, including $XLE, are experiencing excessive outflows, suggesting a contrarian environment. Crude's relative valuation is at historic lows, and it is currently oversold, testing long-term support levels. Energy ETFs are in the 94% of valuation work, and a trend change is expected.
Not only is crude's relative valuation at historic lows, but its tape is also over 2std oversold and bumping up against long-term support. $XLE https://t.co/ShGa1kR6pq
Oil Tests Support While Traders Abandon Energy ETFs. More in the link below. $XLE $CL_F https://t.co/4cKh5UFnil
Is $WTI crude oil about to collapse? https://t.co/17ELkmeeir https://t.co/LqhFDwFrQ4




