US equities remain powerfully lower. Meanwhile, WTIC is currently -2.1% in the $82s. The energy sector ETF of XLE is currently net lower for the week by -3.3% at $60.40.
USO daily
XLE weekly
Summary
WTIC/USO: oil has printed $81.90. A foray (if brief) under psy’ $80 appears due within the near term. Support 76s or so. Note the two downside gaps.
XLE: energy stocks are increasingly weak, as daily momentum is finally turning negative in most stocks. More to go.
notable stock: XOM
Daily momentum to turn negative within 1-2 days. Orange gap $66s.
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Equities: sp’60min
Its semi-crashy… for what is day 7, of a possible 11/12 day down wave. 4000/3800s appears probable.