Crude and Energy Stock Gap
CL
+0.40%
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XLE
-1.35%
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Leverage:
1:1
1:10
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1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
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Here are the 2014 and 2018 gaps. In one case crude oil runs away to the downside and the S&P 500 doesn’t peak until later, in the other the XLE ETF catches up amid a broad equities correction
2018 is a closer analog to the current backdrop in equities assuming the rally is done.
XLE-CL Chart
2014
XLE-CL-Chart
2018
XLE/CL Chart
Crude/XLE spread presently
Crude/XLE Spread Presently
Spread tinted for emphasis
