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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 (?)











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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)


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


CNX Forecast + Options Trading Strategies   CNX  CNX 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



MGNX Forecast + Options Trading Strategies   MGNX  Macrogenics (0.0)


SQ Forecast + Options Trading Strategies   SQ  Square (0.0)


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


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


MOS Forecast + Options Trading Strategies   MOS  Mosaic (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XOP



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


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


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.84)


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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