Geopolitical developments have resulted in a 6% spike in WTI crude oil prices, extending their year-to-date uptrend. This has led to a sharp rise in energy stocks, but some bellwethers are showing signs of upside exhaustion. Katie Stockton from Fairlead Strategies suggests a long-term turnaround in W.TI crudeoil, which is now above key resistance near $68 a barrel, suggests a breakout above that level next week as confirmation of a long term reversal. Meanwhile, both Baker Hughes (BKR) and Exxon Mobil (XOM) have taken significant steps forward in 2026, reinforcing that leadership within the energy sector remains intact. However, both BKR and XOM have registered counter-trend signals from the DeMark Indicators indicating their rallies are overextended, increasing the likelihood of a pullback or digestion phase.