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ENERGY SHARES ARE BOUNCING ON OPTIMISM OVER OPEC AGREEMENT -- EXXON MOBIL MAY BE ON THE VERGE OF A BULLISH BREAKOUT

by John Murphy

ENERGY SHARES REBOUND ... Energy shares are finally showing some bounce. The daily bars in Chart 1 shows the Energy Sector SPDR (XLE) climbing above its 50-day average today. The XLE is bouncing off chart support along its late October low and its 200-day moving average. Those are logical chart points for the XLE to start moving higher. [The 50-day average remains  Read More