QUARTERLY XLE-ENERGY STRUCTURALLY DETAILED TA-2019 (+MACD/RSI)

2019년 7월 15일

Safe to say that post 2014 (and even earlier) the renewables have become a serious competition to the traditional part of the XLE sector(coal/gas/oil).

Crucial note: Breaking of the black trendline, could symbolize the start of a recession as this would mean that inflation expectation have decreased.

In any case, this is just a brief analysis, everything is on the chart. There's really not much to say, XLE hasn't performed well in the last 5 years(blue text) compared to other sectors.

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Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.

2019년 7월 15일

노트

Quarterly XLE RSI. Could possibly look for a breakout to the top of the black trendline.

2019년 7월 15일

노트

Quarterly XLE MACD. Similarly to the RSI, however currently it does seem bearish.

2019년 7월 15일

노트

Monthly XLE.

2019년 7월 15일

노트

Seems that 80-81$ is the central resistance here. Anything below 80$-75$ I would consider a bearish or poor performing market.

-Step_Ahead_ofthemarket-

2019년 7월 16일

노트

Creating a new format in which this analysis would be EPISODE 2.