look at daily charts of xom, sun, oih, vlo

all evening star candle patterns

does it suggest an oil top?

also, $gaso broke a trading range of 1.4 to 2.4, then ran to 3.4

thoughts?

 

Not necessarily oil, but it's likely the related equities are putting in a top.

 

I find that XOM always tends to pull back at these 95+ levels.

I sold the 90/95 June call spread for $3.45 today before the FOMC minutes, to find it worth $2.80 at the close. Looking for target of $1.00 on this to buy back.