US equities remain in minor chop mode. Meanwhile, WTIC is currently +0.8% in the $46s. The energy sector ETF of XLE is currently net lower for the week by -1.8% in the $39.92s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $46.49, and remains broadly strong, as psy’50 is clearly within range before year end. Secondary are the $52s.
XLE: energy stocks beginning on a weak note, but that is after five exceptionally strong weeks. The June $45s are realistic before year end.
notable stock: SLB
Last Friday saw the June high taken out. Its open air to the 28/29s… which is viable before year end.
—
Equities: sp’60min
Price action remains extremely muted, and there is little reason to expect anything different for the next three hours.