$XLE Today's performance (Feb 9, 2026)

XLE was pretty steady today, it didn't divert much from its previous performance on February 6. XLE opened at a smaller price than it closed at on February 6

As mentioned in yesterday's post, I said I'd apply the 200 MA & 50 MA – In the chart below, we can conclude that the 50MA has remained higher than 50 MA for weeks now, supporting our bullish sentiment. In addition to this, we continue to see a uptrend by looking at the higher lows and higher highs.

Now, I've been looking at channels and RSI + Volume when studying an asset. The below chart shows how the RSI is performing. The RSI reflects nearly 70 mark, while the price can continue to rise, the RSI will begin to look for recalibration. However, I don't believe that the price will drop significantly. Lastly, we see a trading volume that was mostly controlled by buyers today.

There isn't too much of high volatility, but I think we can expect high $54 by end of week based on how this asset has been behaving. Sitting down and doing nothing but just watching a contract run its course while headed in the right direction feels humbling, you really just need patience.

Let's see what tomorrow looks like before we move onto any other technicals.