XLE Breaks 34
XLE broke $34 ceiling in premarket trading.. Needs to hold this level in order to continue up to our $36 target.. Oil seems to be stablizing a bit for now..
Bounced nicely off .618 Fib level from recent high. now above the .236 level..
Creeping into overbought territory on 30min charts. Could see a pull back in the open but should be another 3-4%gainer today.
Bounced nicely off .618 Fib level from recent high. now above the .236 level..
Creeping into overbought territory on 30min charts. Could see a pull back in the open but should be another 3-4%gainer today.
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