XLE appears to have just gone through a false break downwards and returned back to the important 67.7 level. I would expect this price to continue up to around the 68.9 level, as that appears a good spot where the price will meet the 50 day mva and is also a monthly pivot level. Right now, I would expect price to continue heading higher or meet a little bit of resistance at the 67.7 level before heading higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.