Setting up nicely.
Cup & handle and a 16% gap to be filled.
Too many people focused on negative oil prices while missing the rally on producers. pic.twitter.com/ywdMTgNCpV
— Otavio (Tavi) Costa (@TaviCosta) April 22, 2020
Resilient.
Oil & gas producers are one of the few industries that rallied this week.
Not only that, but they outperformed the S&P 500 by 8 pct pts!
That’s after WTI prices went negative…!
Least favorite industry in the markets today. pic.twitter.com/6xid66OFYJ
— Otavio (Tavi) Costa (@TaviCosta) April 21, 2020