European Oil & Gas ETF: +54% in 57 weeks, but distribution is building

At week 57 of a buy signal on the European Oil & Gas ETF, the model's coverage is complete: all 3 statistical targets have been reached. The trade stands at a 54% gain from entry and the remaining 40% continues with a trailing stop on the Inversion Point. This week flows turned to distribution: the technical picture calls for active monitoring of the stop level.