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XOP - Headed towards the top of a massive wedge. PT $38.50

Long
SPDR S&P Oil & Gas Explor & Product (AMEX:XOP)  
NV_Trader  
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
Fibonacci Wedge Supply and Demand XOP crude Crude Oil crudeoillong Bullish Patterns
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fibonacci wedgepattern supplyanddemand xop crude crudeoil crudeoillong bullish
XOP appears to be looking to re-test the top of a massive wedge. Looking for contact around $38.50. Crude prices are providing a massive tailwind, I think we see $60 crude by December and $XOP will follow to the upside.
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