After the Organization of the Petroleum Exporting Countries supply cut and considering the Elliott Wave Chart Pattern, i would say the next price target for XLE Energy Select Sector SPDR Fund is $92.60.
Looking forward to read your opinion about it.
Hello traders,
Description of the analysis:
Everyone sees an opportunity in the oil market. Personally, I would not invest in this commodity. There is a surplus of oil, there is no place to store it and no one wants it. It can't stop mining. But investing in the entire XLE energy sector could be interesting. Here are the main S/R zones where the price could...
