DUG

$DJUSEN has broken its trendline and is below its 200EMA and 20EMA.  If you look at the XOM (seen on the chart) which is one the major compents of this index.  It made a big bearish engulfing candlestick today and is looking weak. 

 

  Then looking at DUG it  has broke out of its downtrend line. The indicators are turning up and momentum looks to be to the upside.

I expect a pull back from here but I am looking for a target of 18.50-19.00.