I’m Bearish Energy, But This 1 Stock Might Hold Up Better Than Most! – Raging Bull

Rate this post

The MacroEconomic picture isn’t great for Energy, in my opinion. Russia is selling it at a discounted rate to India and China. While prices might be higher for European buyers, the chart looks Bearish to Me! And just today, the EU announced that it would delay putting a cap on the price of Russian Oil due to disagreement between members. Hungary for one, won’t let its people and businesses freeze this winter!

Last week there was a smoking-hot plan in My BULLSEYE TRADE, when it came to betting against CAT. Those puts were up over 200% by the end of the week! Here’s what Happened!

Here’s what subscribers are saying:


Pretty incredible how much stocks can drop right now. Despite my bearishness on Energy, there is one stock that could hold up better than most. Read on to find out which one!

Here is a Chart of the XLE! 

XLE Chart

That’s a massive head and shoulder pattern. If the chart pattern plays out, that could mean $50 for XLE in the near future. That’s 30% downside from here.

But there is one stock in the energy sector I like, and that’s OXY. Warren Buffet has a 20% stake in the company, and I don’t think he’ll stop there, I think he’ll probably buy more stock. 

OXY Chart

Now I’m not saying OXY doesn’t go lower from here, but if I were to get long 1 stock in the energy sector, this would be it. I’m going to watch the technicals, and when my signals line up, subscribers to Bullseye Unlimited will be the first to know.

If you want daily signals from my New and Improved High Octane Scanner JUST LIKE THIS ONE, subscribe to Bullseye Unlimited TODAY. For a limited time, you can try it out for just $99 for your first month!

Here’s What subscribers are saying:




If you’re struggling with your trading, become a part of a community striving to improve your trading, and receive the education you need!


Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

Learn More


Leave a Comment

Your email address will not be published. Required fields are marked *