Crude oil has been in a good uptrend off the June low but energy stocks have struggled in a big way.
We can see this in a number of reversals unfolding around the energy complex.
As well as the down-trend that’s unfolded in important sector ETFs such as the Energy Sector (XLE) and Oil and Gas Exploration Sector (XOP).
Here we can see the down-trend as well as the recent reversal. We think both XLE and XOP reflect what is happening beneath the surface.
![energy sector etf xle trading reversal lower investing chart july](https://www.seeitmarket.com/wp-content/uploads/2024/07/energy-sector-etf-xle-trading-reversal-lower-investing-chart-july.jpg)
![oil and gas exploration etf xop trading reversal lower investing chart july](https://www.seeitmarket.com/wp-content/uploads/2024/07/oil-and-gas-exploration-etf-xop-trading-reversal-lower-investing-chart-july.jpg)
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