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Renewed Momentum in Energy Stocks Suggests Sustainable Upswing. Which Charts Look Best?
The oil services ETF has climbed above a bull flag pivot at $290 and the Energy Select Sector SPDR Fund is approaching its $92.32 cup-with-handle pivot. Meanwhile, the State Street ETF sits right at its own $135.26 cup-with-handle pivot, signaling potential upside. Keep in mind that this resilience is unfolding even as crude prices hover near $60/barrel.
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