Reason: The barrel and its logistics ripped while merchant power sold off. ECO (+11.56% week, +32.24% month, RSI 79.7) and CVI (+8.12%, +46.29%, RSI 81.4) enter the table on the crude and diesel move — both are overbought, and neither is an entry here. CEG (-10.55%) and TLN (-6.54%) are the other side: -13% and -17.5% against their 200-days on -21.07% and -29.61% years. BE gave back -3.67% on the week but holds +28.55% on the month at +33.6% against its 200-day. GEV drifted -1.77%.

Price/RSI Table

Status reads the 200-day trend first and RSI second; Action is a trend-hold lens — an extended name is never an entry, and a name below its 200-day with a negative year is not a dip.

What Changed Since 2026-09-11

• ENTRANT — ECO: +11.56% on the week, +32.24% on the month, +61.87% over three months, +66.7% against its 200-day, +181.38% on the year and only -2.7% off its high — at RSI 79.7 the tanker leg is parabolic. Strength to respect, not to chase.
• ENTRANT — CVI: +8.12% on the week and +46.29% on the month at RSI 81.4, +71.3% against its 200-day, +58.52% on the year, -1.74% off its high. The refining leg of the same week.
• Backdrop, on file: Saudi Arabia's East-West pipeline was shut after an attack and the kingdom is rerouting prompt barrels outside the Strait of Hormuz (CNBC September 14, Bloomberg September 17); US diesel hit record highs on September 15 with executives calling the crunch's most acute phase (Semafor), and CNBC's September 17 piece traces record diesel through trucking and rail. Both entrants' own pulls completed September 16 and name no dated company event — the oil story is the setting, not a single-name receipt.
• CEG is the worst name on the week (-10.55%), now -13% against its 200-day, -21.07% on the year at alpha -36.09 and -38.28% off its high. TLN sits beside it: -6.54% week, -17.5% against its 200-day, -29.61% year. Both long trends are genuinely under water, and the 200-day is the level that decides them.
• CEG's pull completed September 17 and returns aggregator pages only; TLN's last pull is September 11 — news not pulled for that move. The week's macro on file is a Fed that raised rates Wednesday for the first time in three years (Bloomberg) and a dollar posting its best week since June on a higher-rate outlook (Bloomberg, September 18). Whether that repriced long-duration power contracts is not established here.
• BE -3.67% on the week but +28.55% on the month, +33.6% against its 200-day and +228.06% on the year — the month has a dated cause: Bloom Energy was named to the S&P 500 in September's rebalance (Bloomberg, September 4). GEV -1.77% week and -4.77% month, +4.3% against its 200-day on a +53.9% year; its last pull is September 11.

Sources

• Tape data (price, RSI, returns, one-year change and alpha, distance to the 200-day): pre-computed summaries as of the 2026-09-18 close — energy (Schwab).
• Prior edition (format and roster only): 2026-09-11-energy.
• Oil and diesel week: 2026-09-14-cnbc-oil-prices-rise-after-saudi-arabia-shuts-down-critical-pipel-108362194, 2026-09-17-bloomberg-saudi-pivots-oil-routes-after-pipeline-attack-tlj01jr24u8q00, 2026-09-15-semafor-us-diesel-hits-record-highs-as-oil-supply-fears-mount-pply-fears-mount, 2026-09-17-cnbc-how-record-diesel-prices-will-rip-through-the-u-s-economy-tr-108364417.
• Rates and dollar: 2026-09-17-bloomberg-big-take-why-the-federal-reserve-raised-interest-rates-tlize4kijh8i00, 2026-09-18-bloomberg-dollar-surges-to-best-week-since-june-on-higher-rate-outlook-tlijlgkip3ip00.
• BE index addition: 2026-09-04-bloomberg-bloom-energy-illumina-everpure-to-join-s-p-500-this-month-tkuxgrkk3nyf00.
• News checks: latest (pulled 2026-09-18), .../CEG/news/latest.json (2026-09-17), .../ECO/news/latest.json and .../CVI/news/latest.json (both 2026-09-16), .../TLN/news/latest.json and .../GEV/news/latest.json (both 2026-09-11).