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Energy stocks reach oversold readings XLE OIH | The Steady Trader

The energy sector of the S&P 500 has been showing meaningful relative weakness for well over one month now versus the broader market. Between a glut in oil supply and a rallying dollar, oil prices and oil-related stocks such as the drillers have been particularly hard hit. An meaningful oversold bounce could occur very soon.

Watch the short video here: https://www.youtube.com/watch?v=OATN1dAMbzQ

 

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