XOP - SPDR S&P Oil & Gas Exploration & Production ETF
The ETFs seems poised to be affected by the recent news regarding the Oil output, that it's increasing due to the latest report from Iran that discovered a new oil field with over 50 billion barrels, plus the announcement from OPEC + that isn't going to cut its Oil output for now. Working in favor of the asset we have for now only the perspective of increase of revenue on this quarter due the Winter season, but this its a weak argument compared to the current geopolitical context.
The ETFs seems poised to be affected by the recent news regarding the Oil output, that it's increasing due to the latest report from Iran that discovered a new oil field with over 50 billion barrels, plus the announcement from OPEC + that isn't going to cut its Oil output for now. Working in favor of the asset we have for now only the perspective of increase of revenue on this quarter due the Winter season, but this its a weak argument compared to the current geopolitical context.
Igor Silva · análise técnica e sistemas quantitativos
▎ TraderLab — cursos, indicadores e execução com disciplina · traderlab.finfocus.com.br/
▎ TraderLab — cursos, indicadores e execução com disciplina · traderlab.finfocus.com.br/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Igor Silva · análise técnica e sistemas quantitativos
▎ TraderLab — cursos, indicadores e execução com disciplina · traderlab.finfocus.com.br/
▎ TraderLab — cursos, indicadores e execução com disciplina · traderlab.finfocus.com.br/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.