XLE closed at $64.33 on 11/12/26 — up 4.38% over the past week. Still down 2.55% over the month, but the 3-month clip sits at +5.41%. Energy’s swing thesis holds. Waiting for the next catalyst before reassessing. If it breaks $65, the path clears toward $68. If it fails, $62 is the line in the sand. No position married, just watching the tape.