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kevinbiroun

XLE Potential Gap Fill off of Trendline Support

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
kevinbiroun  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Oil Energy Commodities XLE
3
0
trendanalysis oil energy xle
With the Suez Canal blockage oil could see further strength moving into next week as supply experiences disruptions (limited supply leads to gains in oil). XLE could see a continued bounce off the trendline support and move to fill the gap denoted by the "X"
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