US equities remain broadly higher. Meanwhile, WTIC is currently +1.9% in the $38s. The energy sector ETF of XLE is currently net higher for the week by +1.1% in the $32.97s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $38.24, helped by the positive main market, and the (earlier) cooler dollar. S/t broken, as major support of 32/30 appears probable.
XLE: energy stocks are higher with the main market and oil, but the sector remains short and mid term broken.
notable stock: XOM
The ex-Dow component might see net daily gains, but the trend sure isn’t great. If WTIC 32/30, the March lows will likely be tested.
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Equities: sp’60min
S/t momentum is on the high side, as the s/t setup offers some cooling… ahead of the fed. I’d accept mini price structure is offering another bull flag… but cyclically… we ARE over-stretched.