US equities are leaning weak. Meanwhile, WTIC is currently +1.7% in the $53s. The energy sector ETF of XLE is currently net higher for the week by +4.4% in the $43.26s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $53.26… partly helped by Goldman touting the $65s, but also on increased expectations of tighter supply and increased demand. Yours truly holds to big target of the 65/66s.
XLE: energy stocks powering upward… helped by WTIC $53s.
notable stock: SLB
Schlumberger higher with the sector. First target 28/39s. Secondary of 38/39s will likely sync with WTIC 65/66s.
—
Equities: sp’60min
A sporadic mini washout to 3776, but that is still 12pts shy of tagging orange gap… which remains a price magnet.