XLE is poised for a breakout, as fuel prices rise.

The world is not a very safe place at the moment especially if you own a Oil Tanker, current tensions in the middle east has seen oil prices rise considerably in recent days, threats of storm damage has even resulted in a price rise in Natural gas, thus the beaten down XLE may be a nice trade in the days to come.
We have outlined on the chart a possible trade strategy on a nearterm breakout.