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shivam94_007

10% pullback likely for Energy Sector stocks from current levels

Short
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
shivam94_007  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Support and Resistance Trend Lines Multiple Time Frame Analysis XLE xleshort energystocks
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supportandresistance trendline mtfa xle xleshort energystocks
Based on Monthly parallel channel, we have major resistance around 90$ with double top likely at 93$. Easy pullback likely to 80$ from current extended levels.
SL : Confirmation above the monthly channel
Target : 80$

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