10% pullback likely for Energy Sector stocks from current levels

Short

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

supportandresistance trendline mtfa xle xleshort energystocks

Based on Monthly parallel channel, we have major resistance around 90$ with double top likely at 93$. Easy pullback likely to 80$ from current extended levels.
SL : Confirmation above the monthly channel
Target : 80$

10% pullback likely for Energy Sector stocks from current levels

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