Large Bullish Wick Takes Place At Support Of Hardest Hit Sector!
The past 90 days have not been kind to Crude Oil or Energy Stocks. Energy ETF XLE is down 15% in the past 90 days, talking about a big punch in the face!
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This decline took XLE back to rising support off the 2010 lows and created a large bullish wick at this support line.
The decline has also driven momentum to oversold levels seldom seen in the past few years.
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