US equities are significantly higher. Meanwhile, WTIC is currently +2.2% in the $72s. The energy sector ETF of XLE is currently net higher for the week by +1.0% in the $49.20s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $72.22. Any weekly close >72 would make for net weekly gain, which would be impressive (considering Monday), and bode well for the main equity market into end month.
XLE:energy stocks higher with the main market, and helped with WTIC $72s. A weekly close >psy’ $50 would make for a VERY powerful bullish engulfing candle.
*I hold OXY, SLB, MRO, RIG. I’m kinda tempted to trim… if only a little.
notable stock: OXY
UOA: >16000 Oct’1st $30 CALLS, >5700 Dec’ $30 CALLS
Yours truly really should hold for the 31/32s (upper weekly bollinger)
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Equities: sp’60min
S/t momentum is on the very high side. I’d note the upper hourly bollinger around 4432 – the top of teal gap.
Time to venture out…