US equities remain choppy, if still net positive. Meanwhile, WTIC is currently -1.0% in the $94s. The energy sector ETF of XLE is currently net higher for the week by +4.9% at $83.34.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $95.76, if cooling back to the $94s. The s/t problem is if the main market takes a dive on Powell. M/t bullish unless August settles <$94.00
XLE: energy stocks still leaning upward, helped by the mostly positive main market. M/t bullish unless <$70
notable stock: XOM
A new cycle high… if cooling back a little.
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notable stock: KMI
Much like XOM. The cautious will be tightening their stops, in concern at the main market this Fall.
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Equities: sp’60min
Early Friday threatens a tag of teal gap… before a swing lower into end month.