Post by
Box927 on Jul 22, 2015 10:19pm
Trend
I monitor a candlestick chart on XEG ETF on the 1 year time and 1 day frequency.
This is the TSX Capped Energy Index ETF
Top 10 holdings in this ETF are SU, CNQ, CVE, IMO, CPG, ECA, ARX, HSE, TOU, VET.
Obviously it is in a down trend.
As soon as it is an established uptrend I will be adding to my position in RMP.
I use a trading platfom so I can't post a link to that but XEG can be monitored at the link below or on any charting site.
All oil stocks are down.
CPG set a new 52 week low today.
Remember the best cure for a low oil price is a low oil price.
Also remember that oil is non renewable.
It takes millions of years to make a new batch.
I am glad it only takes 12 years to make a good Scotch Whiskey.
https://web.tmxmoney.com/charting.php?qm_page=16335&qm_symbol=XEG
The XEG holdings can be checked here:
https://www.blackrock.com/ca/individual/en/products/239839/ishares-sptsx-capped-energy-index-etf
GLTA