XLE NEARS INTERMEDIATE TERM SUPPORT ON THE DAILY CHART
Read the full article: http://financialfuturesandequitymarketanalysis.com/2008/01/1...
The perception of a us recession is causing a pullback in the energy sector. As of mid-January, the energy sector's ETF - XLE has entered the upper end of an intermediate support zone. Only a full blown recession is likely to cause the xlf to fall through this support zone and prompt a re-evaluation of underlying price support
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