7 days ago • Posted by Jasper Lawler
Oil pointing towards $80 after breakout says Fundstrat
FUNDSTRAT: “WTI Oil has cleared the $67.98 resistance decisively and now above $70, with $80 now feasible ..
.. $XOM is the largest Energy stock, 25% of sector market cap, thus it is key. $XOM is the best performing large-cap stock (among top 30 stocks) in S&P 500 YTD, +50%.”
Source: Fundstrat / @carlquintanilla