There is a bigger picture situation, the bottom of which we caught right on. That would be per this monthly chart at the green long-term support line to the channel bottom of a still intact secular bull market.
However, per this update (now public) we also noted that the daily chart target (for traders) is 64-65. Doink, XLE is there, dwelling a hair away from the declining SMA 200, which is at 64.04. I for one sold it and took the profit (again).
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