Energy Sector Storm Brewing
In short, crude oil looks to be trading in a very large range without any sign a breakout above or below its channel lines for several months at the minimum. But if the lower channel line is reached and oil starts to trend up, then these energy-related sector ETFs should post some very large gains and should not be ignored.
At the time of publication, the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.