XOP forming two bullish channels, look for breakout

Long

SPDR S&P Oil & Gas Explor & Product (AMEX:XOP)

Updated

AMEX:XOP SPDR S&P Oil & Gas Explor & Product

Trend Analysis Chart Patterns

trendanalysis chartpattern

- XOP is at all time lows

- You can wait to buy but finding support will be tough

Comment:

There also seems to be a double bottom - could be consolidating

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