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Spellbound

XLE - Cracked longterm uptrend support

Short
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
Spellbound  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis
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trendanalysis
Big-cap oil has been lagging behind the broader energy market, particularly the correlation between XLE and $WTI.

The break of this trendline is significant and could result in big move down for large-cap O&G.
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