CFD Trading – Sell SPDR Select Sector Fund – Energy (XLE.NYS) @ $86.00. Stop @ $88.90 and Target @ $80.05.

SPDR Select Sector Fund – Energy Select Sector Stock Code XLE.NYS


Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remained in a bullish crossover. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD has bearish crossover and is hinting at a bearish price trend. If price stays below the cloud, it could be heading towards the previous support at $80.05 in the next 2-3 weeks.


$86.00                Sell

$80.05                Price Target

$88.90                Risk Management Stop

3 weeks              Trade Duration

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