XLE

[Pascal]

XLE is much weaker than the general market and might be setting itself up as a short play.
Please note that a late day market ramp-up has been the norm and if it happens, this will drag XLE up with the rest.
We are in a context of a stronger US$ and a weaker EV pattern on the oil futures.


Pascal

[Pascal]

Oil is continuing on its weakness path and the US$ bounced off its TEV average pink level.


Pascal