After missing the final target by just 2 cents back on February 27th, I’ve decided to officially close the XLE (Energy Sector ETF) official long trade here at 76.88 for a 3.6% profit due to the increasing bearish outlook for crude oil & the energy sector at this time. After falling just shy of the second & final price target exactly one month ago today, XLE has traded in a sideway range while the outlook for both crude oil & the energy sector has come increasingly bearish. XLE will now be moved to the Completed Trades archives.
XLE 60-min March 27th