Energy stocks poised for fresh ATH
Energy stocks (XLE) have been in a clear ascending triangle for some months now on the weekly chart. There was a false breakout not too long back, but the pattern held up after breaking down and price is again pushing up against resistance at the top of the triangle.
Having recently posted a massive green candle with the angst in the Middle East, coming weeks and months could bear witness to fresh all time highs.
Having recently posted a massive green candle with the angst in the Middle East, coming weeks and months could bear witness to fresh all time highs.
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