Energy is weak

Two months ago, we set the target for this Oil rally as the yellow circle region.  On June 11th, the peak is just tens of cents away from our target.  On Jun 16th, the white arrow area, we call this Oil rally is over.  With today’s gap down, some CNBC experts join the weak-oil side.  It’s not a bad move for them at all, energy sector still has lots of downside to go and it’s late yet to make the call.  Just a reminder this is not the buy-dip time as J Cramer is talking about on CNBC.  To me it’s short everything wildly…