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Benzinga
Benzinga
Business
Melanie Schaffer

Looking To Trade The Energy Bull Cycle? This Direxion 2X ETF Offers Trading Exposure

ETF NYSE

Direxion Energy Bull 2X Shares (NYSE:ERX) closed up more than 3% higher on Monday as the ETF continued to trend within its uptrend.

The energy sector had been enjoying another bull cycle, which began on July 14. The surge higher on Monday may have been ignited after news of increasing unrest in Iraq, OPEC’s second-largest oil producer.

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