If you think the energy trade is running out of steam think again!  There are some bull plays in this otherwise bearish sector, at least according to the charts!

With the energy sector having taken such beating some areas could now be worth a closer look, according to Barron's online technical columnist Michael Kahn.

Specifically, Kahn likes the chart of the Energy Select Sector SPDR (XLE). Going back one year he sees support right around this ETFs current level making it a potential buy around $65 or so.