I won't draw any line on this chart. It's just interesting to see how the 200 day mov avg is acting as a natural ceiling ! Maybe those who are interested in buying DUG should consider this chart observation !
In mid September I had made an essential post on XLE (Click Here) with the title "The biggest concern for the Bears". I was concerned about XLE because I felt that the rally has been incomplete and that XLE could rally into the low to mid $60's. I have updated this last month's chart and show you in green the potential left for XLE. I really think that levels on USO at $45 and XLE around $63 would be the two missing pieces of this Bear puzzle !
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