Chart of the Day - Monday, February 7th, 2022
February 7, 2022
Today’s Chart of the Day was shared by Sam McCallum (@honeystocks1). It's a daily candlestick chart of the Oil & Gas Exploration & Production ETF ($XOP). This is one of the more important energy-related ETFs out there. Sam points out that $XOP is attempting to break out of a three-month base with resistance around $112. If $XOP breaks out here, it would be the latest bullish development for the Energy sector.