US equities are choppy, if mostly leaning on the weaker side. Meanwhile, WTIC is currently +0.4% in the $103s. The energy sector ETF of XLE is currently net lower for the week by -0.4% at $79.51.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $105.42, if cooling back a little. Giant psy’ $100 is broadly holding, as energy prices remain ‘sustainably high’.
XLE: energy stocks seeing moderate chop, if currently leaning on the weaker side. A net weekly decline doesn’t negate the m/t trend.
notable stock: KMI
Earnings were fine, and the stock justly broke a new multi-year high.
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Equities: sp’60min
S/t momentum has already turned negative, with the opening gap fully filled. In theory… we should lean weak across the afternoon, but I’d not expect anything under the lower bollinger – currently around 4401, which is rapidly rising.