jangseohee

Revenge of the bull for XLE?

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
16 0 0
This S&P             Energy sector has been bruised in 23 June since the initial let of mid-term downtrend channel
The upper channel (resistance) was tested thrice but didn't break through.
At the end of last Friday's close, the lower support channel was tested thrice too!
I foresee it's gonna be a pretty strong support level as complement by the horizontal support zone .
The possible target of this rally is around 96
But i need to see bullish and multiple support in lower time frame to trigger my long
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