Oil and Energy Update. DeMARK 13 risk levels hit and trading off. Downside open.

WTI completed the 13 sequential, hit the risk levels we outlined last week and has now price flipped today pending the current bar's close. This is confirmation of a medium term top to me and I would be looking for rotations lower here until a 9 buy setup completes or the plurality gets to a reasonable buy zone.

XOP will be getting 13 sequential and 13 combo today

I'm short a basket of XLE names for a trade here. Will be stopping out if Crude goes back above this week's high.