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XLE - Cracked longterm uptrend support
SPDR Select Sector Fund - Energy Select Sector
Short
XLE - Cracked longterm uptrend support
By Spellbound
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May 16, 2023
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May 16, 2023
Big-cap oil has been lagging behind the broader energy market, particularly the correlation between
XLE
and WTI.
The break of this trendline is significant and could result in big move down for large-cap O&G.
Trend Analysis
Spellbound
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