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Energy Sector (XLE) breakout ?

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
Auguraltrader  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Technical Indicators Chart Patterns Energy Commodities crude Crude Oil Oil XLE energysector
3
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trendanalysis indicator chartpattern energy crude crudeoil oil xle energysector
The Energy Sector ETF had been in a bull run since 4Q2021, and March was the month it stalled. Instead of breaking down, it appeared to be coiling for a launch, and this week looks like it launched a breakout of the triangle it is trapped within.

Crude oil broke above USD100 this week, and this supports the XLE imminent rally, roughly expected for at least another 10%.

Technicals RPM and MACD are turning up again...

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