XLE Energy
XOI Index has broken out relative the S&P 500 from the
beginning of April. Testing the brakeout.
Preferred Rotation Sector with Oil staying elevated.
Pattern-wise the current pullback is corrective, which
in the bigger picture is still very constructive, using any weakness to add.
MACD bullish.
Support : 87
targets: 92, 95
XOI Index has broken out relative the S&P 500 from the
beginning of April. Testing the brakeout.
Preferred Rotation Sector with Oil staying elevated.
Pattern-wise the current pullback is corrective, which
in the bigger picture is still very constructive, using any weakness to add.
MACD bullish.
Support : 87
targets: 92, 95
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