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SPDR Select Sector Fund - Energy Select Sector

XLE: A ZONE TO WATCH IN THE ENERGY SECTOR

Di jasongoldman1
Since October of 2022 we have seen an interesting zone form in the SPDR Energy Sector ETF. This zone is marked by the yellow rectangle in the chart. We noted four support bounces in this zone, a breakthrough of the zone, and two rejection bounces. This support/resistance zone is one to watch over the coming weeks. A rally into the yellow zone is one to watch closely for a potential rejection.istantanea
Energy CommoditiesPivot PointspriceactionreversalpatternSupply and DemandSupport and ResistancesupportandresistancezonesXLE
jasongoldman1

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