$XLE has only risen 1.01% over the past 24 hours, with the price stuck at 64.8. This energy ETF is moving with volatility as small as a Treasury bond.
From a political perspective, fiscal discipline and the debt ceiling negotiations remain unresolved, suppressing the risk premium in the energy sector. Funding rates have gone to zero, open interest is 8,228.11 contracts, and neither bulls nor bears are making a big bet. The market is waiting for a clear fiscal signal.
If Congress really passes an agreement to raise the debt ceiling, I would wait for the daily chart to move above 66 before considering adding to the position. For now, I’m only using a small position to test the waters; if it falls below 63, I’ll exit.
Trading tag: #TradFi #链上美股 #XLE
Where do you think this line of reasoning is most likely to be wrong?
From a political perspective, fiscal discipline and the debt ceiling negotiations remain unresolved, suppressing the risk premium in the energy sector. Funding rates have gone to zero, open interest is 8,228.11 contracts, and neither bulls nor bears are making a big bet. The market is waiting for a clear fiscal signal.
If Congress really passes an agreement to raise the debt ceiling, I would wait for the daily chart to move above 66 before considering adding to the position. For now, I’m only using a small position to test the waters; if it falls below 63, I’ll exit.
Trading tag: #TradFi #链上美股 #XLE
Where do you think this line of reasoning is most likely to be wrong?