gumbtg

XLE monthly Breakout - Energy Sector

Long
gumbtg Updated   
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Energy has been lagging the oil recovery significantly. Looking at the RSI of XLE on the monthly chart suggests that this could be the month that XLE finally makes a sustained move higher. The month has yet to CLOSE above our RSI level, but its a starting point.
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