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Special oil & energy report

By Jack Chan at www.simplyprofits.org
June 20th, 2026

USO – long from 70.22, exited at 134.88, with a 92% gain.

XLE – long from 45.89, exited at 58.45, with a 27% gain.

Weekly trend is now down.

Full correction in progress.

Full correction in progress.

Full correction in progress.

Full correction in progress.

Summary

We took 92% profit on USO and 27% on XLE.

We shall now wait for the correction to complete, and new set ups to take some trading positions.

End of update

June 20th, 2026
Jack Chan
website: www.simplyprofits.org

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.

Jack Chan is the editor of Simply Profits at www.simplyprofits.org, established in 2006. Jack bought his first mining stock, Hoko Exploration in 1979, and has been active in the markets for the past 40 years. Technical analysis has helped him filter out the noise and focus on the when, and leaving the why to the fundamental analysts. His proprietary trading models have enabled him to identify the Nasdaq top in 2000, the new gold bull market in 2001, the stock market top in 2007, the US dollar bottom in 2011, and most recently, overweighing in bonds over stocks in 2019 before COVID19 became a household name.

In his spare time, Jack is an avid golfer and tennis player, and volunteers his time coaching and lecturing at local clubs and universities.