I See XLE Made New Highs Last Week, Will It Lead USO? (Oil ETF/Energy Sector SPDR)

This is an addition to my previous post on the June Oil Future and before that the post revisiting XLE vs. USO (Oil ETF) at the 2008 peak. I'll send you straight to the source, at the 2008 oil peak ($147) I saw that XLE led USO to the downside. Will the same thing happen this time on the upside? XLE broke out on Friday.... H/T Iron100.

XLE (Energy Select SPDR ETF) - Courtesy of Stockcharts.com

XLE Short Term

USO (US Oil Fund ETF)

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