US equities remain broadly lower. Meanwhile, WTIC is currently -2.6% in the $76s. The energy sector ETF of XLE is currently net lower for the week by -6.3% at $84.55.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $75.32, not helped by the weak main market, and the marginally stronger dollar. Set for a net weekly decline of around -4%.
XLE: energy stocks lower for the fourth day of five, not helped by the main market or oil $75s. This week’s candle is borderline bearish engulfing, with zero sign of a s/t floor.
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notable stock: OXY
A third day lower. M/t… chop fest.
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notable stock: AR
Not helped by Natgas printing $2.23. Truist maintain ‘buy’, 41>34
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Equities: sp’60min
Trying to build a floor from 4048. S/t momentum has leveled out. Yet… who wants to buy into the long weekend? I’d accept 4100 looks out of range, but teal gap looks realistic.