📺 Crude Bounced, Now What?

From Live Trading Room (01.26.24)

Samantha gave CLUB/EDGE clients this set up this week from her live trading room:

(PT = price targets)

WTIC PTs: $73.30-$75.65-$77.00-$79.11

Energy plays for bounce recommended:
XLE 0.00%↑: $79.11 - $84 just HIT
OIH 0.00%↑: $284.58 - $306 HIT
PBF 0.00%↑: $42.58 - $47.37 HIT
VLO 0.00%↑: $124.86 - $137 HIT

Now crude only got to $77, but the energy plays all hit PT, so we likely see digestion now (profit taking), but the thesis is still in play, especially if we get any rotation from overbought tech/growth plays into energy.

📺 In this episode:
01:05 XLE and OIH Overview
01:58 Valero (VLO) Earnings Beat
03:04 Options and PBF Analysis
04:03 Market Trends and Recommendations

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