XOP Long

Under the Trump administration, the XOP ETF, which includes companies in oil and gas exploration, did well thanks to policies that boosted U.S. energy production. These included things like cutting regulations, lowering taxes, and encouraging more domestic drilling and exports. These moves helped companies cut costs and invest more in exploration and production. As a result, the sector saw growth. Looking at the technical side, with the ETF now targeting a breakout at the 50% Fibonacci retracement level from March, it's possible that XOP could hit **$182**, a key resistance point, if the positive momentum continues.