XLE Potential Gap Fill off of Trendline Support

롱

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

trendanalysis oil energy xle

With the Suez Canal blockage oil could see further strength moving into next week as supply experiences disruptions (limited supply leads to gains in oil). XLE could see a continued bounce off the trendline support and move to fill the gap denoted by the "X"