US equities remain choppy. Meanwhile, WTIC is currently +0.04% in the $76s. The energy sector ETF of XLE is currently net lower for the week by -2.7% at $84.88.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $78.06, helped by early upside in the main market, and a weaker dollar. S/t bullish… with the main market. The current candle leans bearish into early Friday.
XLE: energy stocks are battling to hold some degree of net (daily) gains. Alarm bells for the sector if <$82.
notable stock: OXY
Today’s candle is spiky from around the 50dma. I’d still lean s/t bullish, if only another 1-2 days.
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Equities: sp’60min
S/t momentum has stalled just below the zero threshold.
… but it doesn’t negate a viable 4050, and even >4078.