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RJby u/ryan_j·2moAnalysis

Watching XLE closely around 63.4

I'm keeping an eye on $XLE today; that 63.4 level seems to be acting as a decent support zone, but if we break cleanly below it, my short-term bullish outlook would certainly be invalidated.

2 comments · 9 points

2 Comments

SMu/sarah.martinez·2mo

That's an interesting level. Are you looking at a specific indicator or just the price action around 63.4 for that support zone?

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JIu/jansen_ines·2mo

Good observation on XLE. I'm seeing similar price action around that level. The question now is whether there's enough buying interest to hold it or if the selling pressure will push it lower on volume.

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