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Energy Technicals Pair Trade: Buy Chevron And Exxon, Sell Ensco And Transocean

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The best way to play uncertainty in the Energy sector could be pair trading, according to Oppenheimer technical analyst Ari Wald.

“Our top-down process stresses buying the best of the best and selling the worst of the worst, and we accordingly still recommend an Overweight position in US large-caps from a global equity allocation viewpoint,” Wald advises.

Although Oppenheimer...