Trading a Buy Setup in Crude, XLE, and XOM

2022-08-22 / Danielle Shay

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In today’s video:

  • Danielle’s take on trends in gas prices and the energy sector
  • Relative Strength Indicator – Phoenix Finder Tool
  • Cup and Handle pattern

    • The energy sector, in addition to high fuel prices, has been in focus most of the year until we finally saw a bit of a reprieve this summer. However, I’m betting this break won’t last long, as I’m spying buy setups in the energy space along with a buy setup in a key energy stock, XOM. Let’s discuss the whys and the how beyond how to trade these setups.

    If you want to learn more, follow Danielle on Twitter @traderdanielle for the latest market analysis, and insights, and join the Simpler Trading community in our Options Trading room.

    Danielle Shay

    Danielle got into options trading after being introduced to Simpler Options by her father several years ago when she needed a career change. She was determined to become a trader so she could work from home with her infant son, make money on her own terms and learn a skill that will last a lifetime. Trading was a rough road in the beginning, but with a lot of studying and hard work, she’s now exactly where she wants to be. She’s a former teacher and translator, having taught elementary school in Costa Rica, and ESL to refugee women in the US, and various youth programs. Teaching and helping others is her passion, and now she’s turned her attention to helping aspiring traders learn this amazing skill.