Last week I highlighted the U.S. Oil ETF (USO) and its set up to move higher.
Today, we look at the Energy Sector ETF (XLE) to highlight how it has already broken out and is well on its way higher.
This should bode well for the broader energy arena, including oil and gas prices.
As always, I let the chart do the talking.
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$XLE Energy Sector ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
