$IYR is looking like it may want to take a rest here. Interestingly enough it seems to have found strength of late. Watching for buying opportunities on weakness.
$XOM running out of steam? Watch XOM closely, as it sits near an important spot. If it fails to close above today’s highs watch for lower levels until it can close above here. Longer term it has potential for higher levels, but just not yet. Similarly, $USO needs to find itself a bit higher to reverse its course. Needs to stay above $39.50.


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