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gumbtg
Jul 11, 2018 11:56 AM

XLE monthly Breakout - Energy Sector Long

SPDR Select Sector Fund - Energy Select SectorArca

Description

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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