SPDR Select Sector Fund - Energy Select SectorArca
Description
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Taking XLE buy based on sector performance and nice technical analysis. Usoil has been pushing bullishly with high volatility in the summer, increased travel, and typically higher gas prices in summer months. expecting significant increase through rest of 2020.
overall had nice textbook break of weakly high. price created a bullish structure above highs and broke impulsively, confirming the breakout.