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$XLE - end of year target $55

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
toptradeguru  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Support and Resistance Trend Lines Moving Averages
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supportandresistance trendline movingaverage
Energy prices will fall for all the wrong reasons. US economy will slow; we will see recession soon. As output slows and quantitative tightening increases; prices will fall. Should fall to support levels around $55 by end of the year.

Trigger: 11 day smma crossing the 50 day smma.

$XLE components include $XOM, $CVX, $COP, $MPC

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