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Getting technical on XOP: A river of black gold runs through VWAP

Following up on this trade, Yahoo Finance's Jen Rogers and Jared Blikre break down the bullish case in the SPDR® S&P® Oil & Gas ETF (XOP), which tracks:

California Resources Corp CRC

Carrizo Oil & Gas Inc. CRZO

Whiting Petroleum Corporation WLL

HollyFrontier Corporation HFC

Oasis Petroleum Inc. OAS

Chesapeake Energy Corporation CHK

SM Energy Company SM

Marathon Oil Corporation MRO

PBF Energy Inc. Class A PBF

QEP Resources Inc. QEP

Andeavor ANDV

Delek US Holdings Inc DK

Occidental Petroleum Corporation OXY

Continental Resources Inc. CLR

Hess Corporation HES

Devon Energy Corporation DVN

Valero Energy Corporation VLO

Newfield Exploration Company NFX

WPX Energy Inc. Class A WPX

ConocoPhillips COP

Murphy Oil Corporation MUR

Phillips 66 PSX

Anadarko Petroleum Corporation APC

Apache Corporation APA

EOG Resources Inc. EOG

PDC Energy Inc PDCE

Energen Corporation EGN

Noble Energy Inc. NBL

Pioneer Natural Resources Company PXD

Parsley Energy Inc. Class A PE

Marathon Petroleum Corporation MPC

Callon Petroleum Company CPE

Exxon Mobil Corporation XOM

RSP Permian Inc. RSPP

Chevron Corporation CVX

Southwestern Energy Company SWN

Cimarex Energy Co. XEC

Diamondback Energy Inc. FANG

Matador Resources Company MTDR

EQT Corporation EQT

Gulfport Energy Corporation GPOR

Range Resources Corporation RRC

Concho Resources Inc. CXO

Antero Resources Corporation AR

CNX Resources Corporation CNX

Cabot Oil & Gas Corporation COG

Denbury Resources Inc. DNR

Centennial Resource Development Inc. Class A CDEV

Laredo Petroleum Inc. LPI

SRC Energy Inc SRCI

Extraction Oil & Gas Inc. XOG

CVR Energy Inc. CVI

Kosmos Energy Ltd. KOS

HighPoint Resources Corp. HPR

Halcon Resources Corp HK

Resolute Energy Corporation REN

Jagged Peak Energy Inc. JAG

Tellurian Inc. TELL

World Fuel Services Corporation INT

Green Plains Inc. GPRE

Bonanza Creek Energy Inc BCEI

Ultra Petroleum Corp. UPL

Penn Virginia Corporation PVAC

SandRidge Energy Inc. SD

Ring Energy Inc. REI

Renewable Energy Group Inc. REGI

Talos Energy Inc. TALO

Par Pacific Holdings Inc PARR

REX American Resources Corporation REX