[kero]

I've also seen a lot of interesting patterns on Oil&Gas' stocks. I even was going to try some entry, but I was unconfortable with the fact that the Oil&Gas Producers and Oil Equipment/Services sectors still are not in phase 2. My sectors momentum classification also is not good, as the RS on those sectors. The recent correction of Brent confirmed my feeling, as I was seing a lot of stocks go down again.

Now, a possible approach could be to try an entry on a very limited number of stocks, going on those who have the best RS.

Knot Offshore Partners and Transmontaigne are probably the ones with the best shape and RS that I have in my screener (for now). It's worth noting that the stocks didn't experience a such strong bear trend as other stocks, and also especially that it didn't suffer to much from the recent Brent correction.