XAL Airline Index Weekly Chart

XAL airline index long term chart showing the peak in November 2010 and downward channel ever since with lower lows and lower highs. High oil price continues to slap the airlines silly. All their profits are getting poured into the fuel tanks. ADX showed a strong trend in the upward price thru 2009 and early 2010, but, no longer. The positive side is that there is no strong trend showing for this extended down move currently either, at least not yet.

Price trying to hold the 50 week MA at 43. There is strong support and a consolidation zone in that 37-41 area which should at least support price into summer time. Airlines should be able to slide out sideways from here if oil steadies or falls in price. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.