NFTRH+; this sector is recovering

The Energy sector is recovering and that can be considered a rhyme with the state of Bank leadership and long-term yields as noted in yesterday’s update. It’s another ‘reflation’ sector.

XOP is ticking a new recovery high.

XLE is taking back the SMA 50.

USO is in a ‘W’ bounce pattern.

UNG held the SMA 50 and turned up, negating the immediate double top prospect (ref. NFTRH 717).