Energy Sector (XLE) breakout ?
The Energy Sector ETF had been in a bull run since 4Q2021, and March was the month it stalled. Instead of breaking down, it appeared to be coiling for a launch, and this week looks like it launched a breakout of the triangle it is trapped within.
Crude oil broke above USD100 this week, and this supports the XLE imminent rally, roughly expected for at least another 10%.
Technicals RPM and MACD are turning up again...
Crude oil broke above USD100 this week, and this supports the XLE imminent rally, roughly expected for at least another 10%.
Technicals RPM and MACD are turning up again...
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