Replies to post #112 on Direxion Daily S&P Oil & Gas Exploration & Product (GUSH)

[Sgreg]

Yes the resistance level is pretty much obvious. In that 28-29 range. Eventually XOP will get through that. Historically speaking XOP should be mid $30s with where the price of oil is at. Big boys have the correlation all out of whack. That will correct though but will take time.