XLE monthly Breakout - Energy Sector

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SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

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AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

Chart Patterns Trend Analysis Relative Strength Index (RSI) Monthly Charts uniformity level

chartpattern trendanalysis relativestrengthindex monthly uniformity level

Energy has been lagging the oil recovery significantly. Looking at the RSI of XLE on the monthly chart suggests that this could be the month that XLE finally makes a sustained move higher. The month has yet to CLOSE above our RSI level, but its a starting point.

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