1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

XLE Technical Set-Up Continues to Strengthen

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The July-Oct base-like pattern in the Energy Select Sector SPDR ETF (XLE) is nearing a key-upside, inflection zone at 69.30-70.20, which, if hurdled and sustained, will confirm that a new upleg is in progress off of the Aug 24-Sept 29 double-bottom lows. Such a confirmation will trigger upside projections at 72.00 and 74.30 near-term, and from an extended perspective, to 78.00-80.00.

    Continue reading...
     

Share This Page