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USORISING CRUDE BOOSTS ENERGY SHARES ... Crude oil

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TREND1 Member Level  Wednesday, 06/27/18 12:57:19 PM
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USO


RISING CRUDE BOOSTS ENERGY SHARES ... Crude oil prices continue to surge. Chart 4 shows the United States Oil Fund (USO) nearing another multi-year high. Energy shares are the day's strongest sector for the second day in a row. Chart 5 shows the Energy Sector SPDR (XLE) rising above its 50-day average (blue line) after bouncing successfully off chart support formed a month ago. The XLE/SPX relative strength ratio (top box) is also climbing again.






LONG=GREEN SHORT=RED
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