It’s Bullish Season for This Commodity

The seasonal patterns for oil are bullish this time of year… [Jeff Clark's Market Minute]( It’s Bullish Season for This Commodity By Jeff Clark, editor, Market Minute The oil sector is setting up for a rally. The Energy Select Sector Fund (XLE) – an exchange-traded fund that tracks the action in oil stocks – has had a rough few weeks. XLE was trading above $87 per share in mid-April. It’s below $79 today. That’s nearly a 10% decline in just one month. Recommended Link [Sell Every Stock Except ONE (ticker revealed)]( [image]( Jeff Clark predicted the crashes of 2008, 2020, & 2022 – helping his readers dodge huge losses. He then helped double his readers’ money 13 TIMES in the last year alone… But after watching his OWN 23-year-old soon lose -60% in risky crypto & tech stocks… Jeff is finally coming forward with his biggest WARNING yet. Jeff says: “Sell Your Stocks BEFORE The Stock Shock!” [Click Here to See Jeff’s New Warning.]( P.S. – Jeff refuses to watch his own son lose any more money in risky investments. So, he is rolling the camera to help him win back all his losses – and then some – [with just ONE ticker.]( -- As a result, the oil sector is now oversold. And, it looks due for at least a short-term bounce. Take a look at this chart of the bullish percent index for the energy sector (BPENER)… [(Click here to expand image)]( A [Bullish Percent Index]( (BPI) measures the percentage of stocks in a sector that are trading with bullish technical patterns. It’s designed to measure overbought and oversold conditions. An index is overbought when it registers above 80 – meaning 80% of the stocks in the sector are trading with bullish patterns. An index is oversold when it drops below 30. The blue arrows on the chart point to when the BPENER declined below 30 and then turned higher from oversold conditions. That action generates a BPENER buy signal. Usually, it’s a good idea to buy energy stocks in this situation. Here’s how those arrows coincide with the action in the Energy Select Sector Fund (XLE)… [(Click here to expand image)]( In every case, XLE trended higher in the weeks immediately following a BPENER buy signal. The signals didn’t always happen at the absolute bottom for the energy sector. But, they did provide solid profits for traders who were willing to buy into oversold conditions and then hang on for a few weeks. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The BPENER is currently trading below 30. The energy sector is oversold. And, we’re approaching a buying opportunity for the oil stocks. The BPENER hasn’t turned higher. So, we don’t have a buy signal… yet. But, we’re close. The seasonal patterns for oil are bullish [this time of year](. So, the BPENER could turn higher any day. And, based on the success of previous BPENER buy signals, traders should be looking to buy into the oil stocks in the days ahead. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Do you typically buy oil around this time of year? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Forget tech, crypto, bonds, and treasuries – buy these instead]( All you have to do is own a small handful of these unique stocks… And you could retire wealthier than you would by trading, chasing the latest “hot” stock, or doing anything your broker tells you. [Click here for the name and ticker of the #1 stock.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2023 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](