Safe to say that post 2014 (and even earlier) the renewables have become a serious competition to the traditional part of the XLE sector(coal/gas/oil).

Crucial note: Breaking of the black trendline, could symbolize the start of a recession as this would mean that inflation expectation have decreased.

In any case, this is just a brief analysis, everything is on the chart. There's really not much to say, XLE hasn't performed well in the last 5 years(blue text) compared to other sectors.

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Quarterly XLE RSI. Could possibly look for a breakout to the top of the black trendline.
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Quarterly XLE MACD. Similarly to the RSI, however currently it does seem bearish.
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Monthly XLE.
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Seems that 80-81$ is the central resistance here. Anything below 80$-75$ I would consider a bearish or poor performing market.

-Step_Ahead_ofthemarket-
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Creating a new format in which this analysis would be EPISODE 2.
Chart PatternsTechnical IndicatorsTechnical AnalysisTrend AnalysisUSAXLE

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