The charts are looking favorable for this commodities ETF, even as the stock market struggles.
Get this delivered to your inbox, and more info about our products and services.
Katie Stockton breaks down the charts on this commodity.
The State Street Materials Select Sector SPDR ETF (XLB) popped about 2% on Tuesday, notching a three-day win streak.
The State Street Energy Select Sector SPDR ETF (XLE) is poised to break through a resistance level of $50, the charts suggest.
Frank Cappelleri looks at the technicals in the XLE.
Momentum indicators in both the RSI and MACD flashed buy signals and are not in overbought territory. There's room to run.
FAN recently cleared its February high, which gives it a better chance of clearing the 2021 peak over the coming weeks.
