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Bullish Case: XOP's upward price trajectory [Helium][Helium][Helium][Helium], low AI forecast correlation [Helium], and bullish risk exceeding bearish risk [Helium] suggest potential for further gains.


Bearish Case: Flat term structure [Helium], minimal difference in implied volatility forecasts [Helium], and historically negative returns [Helium] indicate risk of price stagnation or decline.


Potential Outcomes: Price increase (45%): driven by recent gains and bullish risk assessment. Price stagnation (35%): due to flat term structure. Price decline (20%): historical negativity


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April 02, 2024


SPDR Oil & Gas Exploration and Production Forecast

XOP        SPDR Oil & Gas Exploration and Production
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with XOP



XLE Forecast + Options Trading Strategies   [XLE]  Energy Select Sector SPDR (0.97)


OVV Forecast + Options Trading Strategies   [OVV]  Ovintiv (0.96)


CNX Forecast + Options Trading Strategies   [CNX]  CNX Resources (0.95)


MTDR Forecast + Options Trading Strategies   [MTDR]  Matador Resources (0.95)


ERX Forecast + Options Trading Strategies   [ERX]  Direxion Daily Energy Bull 2X Shares (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to XOP



MOS Forecast + Options Trading Strategies   [MOS]  Mosaic (0.0)


LSCC Forecast + Options Trading Strategies   [LSCC]  Lattice Semiconductor (0.0)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.0)


ON Forecast + Options Trading Strategies   [ON]  ON Semiconductor (0.0)


JOBY Forecast + Options Trading Strategies   [JOBY]  Joby Aviation (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XOP



CNXC Forecast + Options Trading Strategies   [CNXC]  Concentrix (-0.74)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (-0.78)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.78)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.96)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.99)





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