1pm update – oil and energy

US equities remain choppy. Meanwhile, WTIC is currently +2.3% in the $41s. The energy sector ETF of XLE is currently net higher for the week by +16.1% in the $33.58s.

USO daily

XLE weekly

Summary

WTIC/USO: oil is seeing considerable chop within the 39/41 zone, still stuck under major resistance of 42/43.

XLE: Yesterday saw a decisive break of the m/t bearish trend.

notable stock: XOM

Exxon continuing a push toward the 200dma.

Equities: sp’60min

S/t momentum could be expected to tick upward this afternoon, and more so.. across Wednesday.