E Metals And Miners Are Beginning To Correct

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-WTIC- Oil is working on a potential double bottom. Prices would have to close progressively above July’s $60.94 high to recommend a breakout.

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-XLE- I’ve been monitoring energy stocks for a bullish reversal. Prices are trying to find support near the May $58.24 low. A daily close above $60.00 would support a potential bottom. However, it would take a decisive advance above $64.70 and then $68.20 to secure a bullish trend reversal.

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