Invesco Dynamic Oil & Gas Services ETF Price & Performance (PXJ)

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is encountering resistance levels at $25.42, prompting traders to consider short positions near this threshold. Analysts suggest waiting for a breakout above $25.42 to initiate buy positions targeting $27.27. This cautious approach reflects the ETF's current technical weakness.1

Technical analysis for PXJ highlights both short and long trading strategies. A short position is advised near $25.42 with a downside target of $25, while a break above resistance at $25.42 signals potential gains up to $27.27. Traders are urged to follow strict stop-loss levels to mitigate risks.1

PXJ's fluctuating technical indicators suggest a volatile trading environment. Resistance at $25.42 serves as a pivotal point for both short and long strategies, with targets ranging from $25 to $27.27. The ETF's lack of clear support levels underscores the importance of cautious trading practices.1