US equities remain choppy, still leaning on the weaker side. Meanwhile, WTIC is currently +0.8% in the $91s. The energy sector ETF of XLE is currently net higher for the week by +0.3% at $69.08.
USO daily
XLE weekly
Summary
WTIC/USO: oil has swung from the $89s to $91s… helped by a major downside reversal in the USD. I’m still dubious it can keep pushing, and look for downside to the 50dma… soon psy’$80.
XLE: energy stocks seeing considerable chop, if propped up by oil. S/t vulnerable.
notable stock: KMI
Remaining stuck…. another spiky candle like yesterday, with selling into each bounce.
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Equities: sp’60min
S/t momentum is set to turn negative… now!