Friday, June 11, 2010

Nat Gas update: XOP

SPDR S&P Oil & Gas Exploration & Production Select Industry Index ETF
Thursday, June 3, 2 pm Eastern: 40.88
Friday, June 11, close: 43.00
Gain: +5.19%
Candlestick analysis: "Hold" on buy at 41.39, June 10 (American Bulls)
Summary: The 5.2% gain seems paltry, but look back on the chart and XOP was all the way down at 37.02 thanks to BP. The oil sector's strength of late helps, but it might be safer to play nat gas in a pure play instead. 

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