Bullish move soon. It reached the support line. The previous historical resistance line.
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.
Perfect Cup and Handle has formed with XLE. We just need to wait for the crucial breakout and close above the brim level. With moving averages, all is looking great with 7>21>200 - Green - Bullish RSI - Buy divergence >50 - Bullish Target 1 $120.00 GENERAL INFO: The SPDR Select Sector Fund is a series of exchange-traded funds (ETFs) that are managed by State...
Following the recent oil selloff the XLE sector is now pulling back. With a clear divergence in the RSI with the 3 recent price tops, it seems like the XLE has completed 5 waves up. Following that is a 3 wave correction as a flat and is now preparing to finish the last leg of it, before exploding higher sometime next year.
Buy Stop 84.39 LMT 84.39 GTC Sell Limit 92.54 GTC Sell Stop 78.62 GTC XLE daily pinnacle pattern after we retested bigger one if we break it there's nothing in our way.
AMEX:XLE is showing signs of strength on the weekly time frame. Most oil & gas companies have had a great run YTD, and the energy is sector is among the few green sectors YTD.
BULLISH CASE: XLE held a June low @66 which is a 0.618 retracement. It formed a triangle & has since bounced off the base very strongly with 2 gap-ups. Moving averages 50, 100 & 200 are forming a ribbon & are all pointing up. 76 is a strong support with volume profile. If this breakout from the triangle sees a follow-thru in the next few days, XLE may double the...
In this update we review the recent price action in XLE and identify the next high probability trade location and price objectives to target
SPDR Select Sector Fund - Energy Select Sector ( AMEX:XLE ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $88.71 Breakout price: $90.50 Buy Zone (Top/Bottom Range): $84.30-$74.05 Price Target: $112.00-$114.20 Estimated Duration to Target: 133-140d Contract of Interest: $XLE 9/16/22 90c Trade price as of publish...
Antero Resources Corporation ( NYSE:AR ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: $12.969B Current Price: $41.69 Breakout price: $42.10 Buy Zone (Top/Bottom Range): $37.35-$30.90 Price Target: $56.30-$58.70 Estimated Duration to Target: 340-351d Contract of Interest: $AR 1/19/24 50c Trade price as of publish date: $10.00/contract
Update to previous XLE long. XLE following early reflation trade fractal in Q4 2020. Invalidated without a clear bounce in coming weeks.
I see XLE holding flat and restabilizing before big moves higher.
Energy Sector on the verge of breaking out; Watch out for XLE stocks. Target - 56 and then 61 www.marketwatch.com
$DVN Long (Bullish Pennant in 15mins) Watch Live
$DVN Long (Bullish Pennant in 15mins)
XLE has been in a range for quite some time with the fall of Oil price from the first lockdown. But as thing recover and demand for Oil is returning to somewhat normal levels, the ETF is starting to give signs of life as well. RSI well above 50 and is moving slowly into overbought territory, but this means that there is more room for the price to rise. MACD has...
AMEX:XLE is seen to bounce off channel lows & wedge breakout.