XLE - Cracked longterm uptrend support
Big-cap oil has been lagging behind the broader energy market, particularly the correlation between
XLE
and $WTI.
The break of this trendline is significant and could result in big move down for large-cap O&G.
XLE
and $WTI. The break of this trendline is significant and could result in big move down for large-cap O&G.