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This Past Week In Energy

By Jack Chan at www.simplyprofits.org
June 6th, 2017

Energy/oil sector is on major buy signal.

Speculative sentiment according to open interests in the COT is much too high for a major bottom. Long way to go.

The trend is firmly down.

Long term - on major buy signal.
Short term - correction continues.
I remain neutral until the cycle bottoms.

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
We also provide coverage to the major indexes and gold sector.

End of update

June 6th, 2017
Jack Chan
website: www.simplyprofits.org