The State Street Energy Select Sector SPDR ETF (XLE) is poised to break through a resistance level of $50, the charts suggest.
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Frank Cappelleri looks at the technicals in the XLE.
Carter Worth looks through the charts of the XLE.
The State Street Materials Select Sector SPDR ETF (XLB) popped about 2% on Tuesday, notching a three-day win streak.
FAN recently cleared its February high, which gives it a better chance of clearing the 2021 peak over the coming weeks.
The charts are looking favorable for this commodities ETF, even as the stock market struggles.
Long-term large-cap energy outlook remains bullish, supported by higher WTI crude oil. But the surge in BKR and XOM makes…
