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toptradeguru
Jun 24, 2022 12:58 AM

$XLE - end of year target $55 

SPDR Select Sector Fund - Energy Select SectorArca

Description

Energy prices will fall for all the wrong reasons. US economy will slow; we will see recession soon. As output slows and quantitative tightening increases; prices will fall. Should fall to support levels around $55 by end of the year.

Trigger: 11 day smma crossing the 50 day smma.

XLE components include XOM, CVX, COP, MPC

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